Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange:
Unga Group – The shares closed at KES 15.10 at the end of trading yesterday. Sharper growth has been noted since the beginning of September with possible causes being anticipation of the company full year results announcement to be made towards the end of this week or early next week. There is speculation that the dividend payment might be higher.
City Trust – The investment company is expected to announce its financial results early next month and this could explain the share’s 20 percent gain this month which has seen it climb to trade between KES 345 and KES 350 which is the share’s highest range in at least the past 5 years. It closed yesterday at KES 345 and we will watch how it trades today and into the end of this month in light of next month’s announcement.