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From Top Loser to Top Gainer: Story of BOC Kenya at the NSE

Kenyan Stock Market Exhibited a Downward Trend in October top Safaricom Plc Top

BOC Kenya emerged as the top gainer of the day (Tuesday) at the Nairobi Securities Exchange (NSE) after kicking off the week as the top loser on Monday.

BOC was the top gainer with 10.00 percent at the price of 110.00 shillings per share. On Monday, the company was the top loser with 7.41 percent at the price of 100.00 shillings per share.

The second top gainer of the day was Kenya Airways with 6.25 percent at the price of 17.00 shillings per share. The airline, which launched direct flights from Nairobi to New York has been resilient on the stock market since mid-2017.

Sasini Tea and Coffee, Home Afrika and Olympia Capital gained 6.00, 3.85 and 3.03 percent respectively at the price of 26.50, 1.35 and 3.40 shillings per share respectively.

The top losers’ table was ruled by the East African Portland Cement with a loss of 8.70 percent at the price of 26.25 shillings per share.

Umeme and Standard Group lost 6.77 and 5.88 percent respectively at the price of 12.40 and 28.00 shillings per share respectively.

Mumias Sugar Company and Carbacid Investments lost 4.76 and 4.25 percent respectively at the price of 1.00 and 12.40 shillings per share respectively.

Safaricom Limited has maintained the position of the top gainer. On Tuesday, the telecommunication company posted a volume of 16.96 million with a market capitalization of 1.18 trillion.

Equity Group and Co-operative Bank posted volumes of 6.80 and 1.84 million shares respectively with a market capitalization of 160.38 and 98.28 billion respectively.

Kenya Commercial Bank and Kenol Kobil sold 761,200 and 565,400 shares respectively with a market capitalization of 134.90 and 21.86 billion respectively.

On Tuesday, the top five movers of the day’s table were dominated by three banks; Equity Group, Co-operative Bank, and Kenya Commercial Bank. The same scenario was witnessed on Monday.

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