The performance of the Nairobi Securities Exchange was lower today despite having gone over the 4000 points mark. The NSE 20 Share Index performance was down 18.38 points to close at 4014.03 while the All-Share Index performance was up 0.48 points to close at 88.50
HIGHEST VOLUMES
Safaricom Ltd was the highest traded counter again with 4.69 million shares traded while second was Equity bank with 2.97 million shares. KPLC was third with 2.78 Million shares changing hands, and Uchumi was fourth with 2.08 million shares trading.
COUNTER WATCH
- Transcentury Ltd – The counter featured amongst the top losers (above) for a second consecutive day having lost by 2.61% and closing at KES 20. The reason for this traces its root in the company’s move to change control in Chai Bora, the group’s tea blending and packaging subsidiary. The company has issued a cautionary announcement to the public which has thus far seen the stock’s price take to material movement.
- Uchumi Supermarket – Uchumi’s shares were the top losers today. Despite having over 2 million shares trading today, the counter settled at KES 18.25, a decrease by 8.29%. The cause for this is the announcement of a dip by 22% of the profit before taxation. This crippled the market’s valuation as the share took a nose dive today. This was the opposite situation as seen last week when shareholders demand of the stock increased in hopes of better dividends from Uchumi.
- Standard Chartered (Rights) – The rights were also among the top losers today having lost by 3.82% to settle at KES 63. The shares are currently trading at a premium and demand for the rights is high with low supply (only 7,900 were traded today).