As at the close of trading at the NSE yesterday, the NSE 20 share index was up by a very marginal 0.05 points compared to Monday, closing at 3,599.18 points up from Monday’s 3,599.13. The NSE all-share index recorded a drop, closing 0.41 points down ( -0.53%), 78.09 from the previous session’s 78.50 points. The NSE closed with 19.95 million shares being traded and a market capitalization of KES 999.83 billion, a little shy off a trillion shillings.
The stocks to watch in today’s trading are:
Safaricom Limited: The Safaricom share reported a significant reduction in trading activity yesterday with 2.02 million shares on the move. The share closed at KES 3.40, down 2.86% from the previous day’s price. Safaricom’s annual results are expected out tomorow and the share is one to watch with double-digit billion-shilling profits expected.
KenolKobil: The company yesterday released a cautionary statement notifying shareholders and the general public that the majority shareholders are currently pursuing a sale deal with Puma Energy. It will be interesting to watch how the share reacts to this news, with a positive push in price accompanied by increased trading expected with shareholders hoping for a good valuation of the company’s shares by Puma.
Crown Berger: The share price dropped a massive 9.17% to close at KES 24.75 down from KES 27.25 with 4,500 shares being traded. The company share price has oscillated widely in the last month from below KES 25 to as high as KES 27.25.
Limuru Tea: The tea company’s shares yesterday rose a modest 2.5% closing KES 10 higher at KES 410. 6,000 shares were traded yesterday with a turnover of KES 2.46 million. The company’s share is currently the most expensive on the stock exchange, a modest percent increase translating to big shilling-movements.