Carbacid Investments Emerges the Top Mover at the NSE on Tuesday

Kenya-based investment and holding company, Carbacid Investments, was the top mover at the NSE on Tuesday beating some of the large cap stocks.

Carbacid Investments Limited (NSE: CARB) sold a volume of 12.77 million shares on Tuesday and recorded a turnover of 108.54 million shillings.

The stock closed the day selling at 8.50 shillings, a 1.16 percent drop in price, from Monday’s 8.60 shillings.

Carbacid Investments boasts of being the largest supplier of pure natural CO2 in East Africa amid stiff competition.

Second in line in the top movers’ category on Tuesday at the NSE was Kenya Power and Lighting Company (KPLC) which sold 3.19 million shares and recorded a turnover of 9.26 million shillings.

While KPLC recorded a high volume of stocks sold on Tuesday, its share price dropped by 3.01 percentage points from 2.99 shillings on Monday to 2.90 shillings.

KPLC recorded the highest share price on 3^rd January 2020, after closing the day at 2.25 shillings, since November 2019.

Kenya Electricity Generating Company Limited (KenGen), followed KPLC closely having sold a volume of 2.88 million with a turnover of 16.11 million shillings.

KenGen recorded its lowest share price since December 2019, after closing the day on Tuesday with a share price of 5.60 shillings, which was a 0.71 percent drop from Monday’s price of 5.64 shillings.

Equity Group and NCBA Group were the fourth and fifth top movers at the NSE on Tuesday respectively.

Equity Group sold 1.68 million shares at 51.00 shillings on Tuesday, recording a turnover of 85.93 million shillings.

NCBA Group, on the other hand, sold 1.37 million shares at 36.50 shillings, having increased its share price by 0.14 percentage points from 36.45 shillings on Monday.

The table below shows a summary of the top gainers, losers and movers at the NSE ON Tuesday:

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