The NSE 20 share index yesterday dropped slightly, down 1.34 points (0.029%) to close at 3,634.82 points. The number of shares traded in the day increased from 13.317 million shares on Tuesday to 14.797 million shares recorded yesterday. The market had an equity turnover of KES 360 million with 1,477 deals being recorded.
In today’s trading we will keep watch of the following stocks:
Standard Group Limited: The share was the biggest gainer in yesterday’s trading, up KES 1.75 from KES 22.25 to KES 24, a 7.87% increase on the share price. This came with 2,000 shares being traded in the day. The share price has ranged between KES 18.64 and KES 33.64 in the last year and we will keep eyes on the share to see if there is more to come from it.
Williamson Tea: The share increased 2.93% in yesterday’s trading. In shilling terms, the share appreciated by KES 8 with 900 shares being traded to close at KES 281. In the day, the share ranged between KES 275 and KES 290 and it continues to appreciate in value following the dips it suffered in April 2012 (see a graph on that here).
Scangroup: The Scangroup share yesterday rose 5.88% to close at KES 54 from the previous day’s closing price of KES 51. There were 72,700 shares traded in the day in 27 bids to shore up the share price. The share is KES 1 away from the year-high of KES 55 and it is interesting to observe that the share has appreciated 34.26% in the last 6 months from about KES 40.22 in the second week of December 201.