The NSE 20 share index closed yesterday’s trading session at 3,581.330 points, 10.13 points up (0.28%) from the previous day’s close of 3,554.46 points. This continues the upward trend the NSE has displayed over the last few days. 18,722,200 shares were traded in total in 1184 deals in yesterday session.
The shares to watch today include:
Kenya Airways: The share continues to be one to watch because of its ongoing rights issue.
Standard Chartered Bank: The bank announced that it is planning to have a rights issue to increase its authorised share capital (read more on that story here). Such an announcement will have a bearing on the share, with an increase in the share price.
Kenya Reinsurance Corporation: the company released its financial report for the period ended December 31st 2011 and announced a profit of KES 2.036 billion. This is 24% higher than the profit it reported over a similar period the previous year. It will be worthwhile to observe the effect this will have on the performance of the share.
Olympia Capital: the share has had a strong run in the last few days, up 4.29% as of yesterday’s closing bell and it will be interesting to observe if it can maintain this steam today.
Mumias Sugar: Following strong trading last week, the share was yesterday’s biggest loser, down 9.52% and it is interesting to observe if the share will bounce back from the dip or begin to lose value following the massive price drop yesterday.