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Stock market report and NSE Closing Numbers

A slight improvement in share prices was seen at the close of the Nairobi Securities Exchange on Monday afternoon with a gain in both the NSE 25 and all share indices.

The NSE 20 share index however dropped by 5.27 points closing at 2646.53 points from last week’s Friday which stood at 2651.8 points.

The NSE 25 share index and the all share index upgraded by 2.33 points and 0.02 points to rest at 3608.54 points and 149.02 points respectively.

Gainers

Olympia capital holdings took the lead with a 6.41 per cent gain resting at a Ksh2.49 market price, different from the previous week’s close of Ksh2.34

Standard group limited followed suit with a 5.17% gain, diamond trust bank limited with a 5.04% gain. Mumias Sugar Company and housing finance group limited with a 2.86% and 2.75% increase in market share price respectively.

Losers

Home Afrika was the day’s biggest loser, having shed 9.84% to settle at a price of 55 cents per share from last week’s Friday at 61 cents.  Kenya airways limited dropped by 8.52%.

East African cables limited, CIC Insurance group limited, and Stanlib Fahari dropped by 5.66%, 5.34% and 4.89% respectively.

Movers

The companies responsible for most of the day’s trading at the NSE were Kenya Commercial Bank (KCB) which traded 2.5 million shares.

The country’s giant telecom, Safaricom traded 898,600 shares, followed by East African Breweries limited which moved 870,000 shares. Equity group holdings and Home Afrika traded 349,000 and 330,400 shares respectively.

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Lawrence Baraza is a prolific writer with competencies in Digital Media, Print, and Broadcast. Baraza is also a Communication Practitioner currently spearheading Digital content on Metropol TV's Digital Desk.

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