Here Are The Top 5 Gainers, Losers and Movers At The NSE, Tuesday

By Juma / July 8, 2020 | 8:02 am



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

The top five gainers at the Nairobi Securities Exchange (NSE) on Tuesday were WPP ScanGroup, Sameer Africa, Olympia Capital, TPS Eastern Africa (Serena), and HF Group.

WPP ScanGroup gained 26.29 percent at the price of 22.10 shillings per share followed by Sameer Africa with 9.51 percent at the price of 3.80 shillings per share.

Olympia Capital, TPS Eastern Africa (Serena), and HF Group gained 6.25, 6.38, and 3.27 percent respectively at the price of 2.45, 12.50, and 4.74 shillings per share respectively.

Liberty Kenya, Car and General (K), Longhorn Publishers, Express, and the East African Cables were the top five losers of the day during the session on Tuesday.

Liberty Kenya lost 9.66 percent selling at 7.86 shillings per share followed by Car and General (K), and Longhorn Publishers who lost 7.60 and 5.65 percent respectively at the price of 23.10 and 4.51 shillings per share respectively.

Express and East African Cables lost 5.03 and 3.85 percent at the price of 5.66 and 2.00 shillings per share respectively.

The top movers at the NSE on Tuesday were Safaricom, Equity Bank Group, WPP ScanGroup, KCB Group, and Kenya Power and Lighting Company.

Safaricom, with a market capitalization of 1.13 trillion moved 22.42 million shares in volume followed by Equity Group who moved 3.49 million at a market capitalization of 123.97 trillion.

WPP ScanGroup (that was also the top gainer) moved 2.54 million shares with a market capitalization of 9.55 billion. KCB Group sold 862,700 shares while Kenya Power and Lighting Company sold 529.200 shares.

The NSE was among the most hit agency with the coming of the Coronavirus pandemic. The pandemic saw investors taking off and looking for other safe places to secure their wealth with blue-chip companies being the most affected.

Traders are, however, confident that things will get back to normal given the various interventions by the government to salvage the already ailing economy. President Uhuru Kenya, in his address to the nation on July 6, 2020, said that his government was committed to recovering the economy through investments.

READ: BAT Shareholders To Receive Ksh 30 Per Share As Dividend





About Juma

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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