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Safaricom Limited Maintains Top Movers’ Position at the NSE

BY Juma · November 30, 2017 12:11 pm

Safaricom Limited maintained the position as the top mover of the day at the Nairobi Securities Exchange on Thursday.

The telecommunication posted a total of 7.09 million shares at a market capitalization of 1.10 trillion. The shares posted on Thursday, however, were lower than those posted on Wednesday which was 11.30 million.

Equity Group and Kenya Commercial Bank posted 3.83 and 3.10 million shares respectively at a market capitalization of 162.27 and 126.47 billion respectively.

KenolKobil and Co-operative Bank of Kenya posted 2.84 and 1.75 million shares with the market capitalization of 22.00 and 95.63 billion respectively.

The top gainer of the day was Standard Group. The company has displaced Kenya Airways which rocked the NSE on Wednesday with a historical gain of 135.85 percent.

The Standard Group gained 9.70 percent at the price of 36.67 shillings per share followed by Kenya Airways which gained 9.66 percent at the price of 11.35 shillings per share.

Sanlam Kenya and Uchumi Supermarket gained 7.14 and 3.90 percent respectively at the price of 30.00 and 4.00 shillings per share respectively.

Home Afrika closed the top gainers’ table with 3.85 percent at the price of 1.35 shillings per share.

Sasini Tea and Coffee was the top loser of the day. The agricultural company lost 6.67 percent at the price of 24.50 shillings per share.

Carbacid Investments lost 5.76 percent at the price of 13.10 shillings per share followed by HF Group with 4.20 percent at the price of 11.40 shillings per share.

Eveready East Africa and Mumias Sugar Company tied at a loss of 4.17 percent at the price of 2.30 and 1.15 shillings per share respectively.

Mumias Sugar Company released its financial results on Thursday where its net loss widened to 6.77 billion shillings further killing the hope of investors of reviving the ailing miller.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. (020) 528 0222 or Email: info@sokodirectory.com

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