Here are the shares we will be closely watching in today’s trading at the Nairobi Securities Exchange:
See a summary of Friday’s share trading here.
- CFC Stanbic Rights – They’re having a rights issue that ends in 1 week’s time and the demand has been fluctuating with the last day of trading last week seeing a 43% decrease in demand. The result was a decrease in turnover to KES 43,860. The rights isue closes on the 8th of October and the company is looking to raise capital of KES 4 billion for expansion purposes.
- Standard Group Ltd – The shares closed at KES 25.50 last Friday marking the stock’s highest price in the month of September and one of the highest in the year. It was the highest gainer when the markets closed on Friday with a gain of 9.68%.
- Unga Group – The shares closed at KES 13.75 and has seen a general decrease in price after the dividend payout was announced. There was much anticipation that the group would declare higher profits than it did and the share movement indicates the volatility of share demand to corporate action. We shall be watching to see if the trend shall continue.