BUSINESS STOCKS

Eaagads, Kakuzi Lead Top Gainers Table at the NSE

Eaagads Limited is currently the 51st most valuable stock at the NSE with a market capitalization of Ksh 492 million

JACKSON OKOTHAug 19, 20251 Mins read2.3k

Eaagads net profit ups 132% to KSh 27.6m

Eaagads has not declared any dividends payout to shareholders

Eaagads was the top price gainer at the NSE on Monday, with its share price rising 9.3% to close the day at Ksh 15.30 followed by Kakuzi which was up 7.5% to Ksh 400. The Nairobi Securities Exchange edged 7.45% to Ksh 11.55, Nation Media Group (NMG) gained 6.5% to Ksh 13.90 while EAPCC was up 6.4% to Ksh 58.50.

Eaagads Limited, which engages in the growing and selling of coffee, is currently the 51^st most valuable stock at the NSE with a market capitalization of Ksh 492 million. The current price of Eaagads is Ksh 15.30, recording a 9.3% gain over its previous closing price of Ksh 14.00. Eaagads began the year with a share price of Ksh 12.00 and has since gained 27.5% on that price valuation, ranking it 27th on the NSE in terms of year-to-date performance.

Top losers were Eveready, which was down 9.3% to Ksh 1.47, followed by Olympia Capital down 4.35% to KSh 6.28, Total Kenya declined 3.7% to KSh 28.45, as Crown Paints dropped 3.2% to KSh 44.05 and HF fell 2.6% to KSh 8.98.

The leading movers were Safaricom, which traded 7,709,800 shares, with its price rising 0.4% to KSh 27.00 followed by KCB which recorded 0.9% rise to KSh 54.50 and traded 3,342,600 shares. EABL moved 221,700 shares at a constant price of KSh 207, Equity Group traded 599,700 shares, its price rising 0.5% to KSh 54.75, while I&M Bank was up 3.1% to KSh 38.70 and Diamond Trust Bank traded 250,000 shares at KSh 85, up 4.3%.

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In Monday trading session, the NSE closed on a bullish mood for the 9^th consecutive session. The N10 and NSE 20 increased by 0.3% and 0.7% respectively. The NASI index was up 0.41% to 34.71 points, NSE 10 Index up 0.32% to 26.68 points while the NSE 25 index was up 0.40% to 26.86 points.

Market Capitalization at the NSE stood at US$ 20.3 billion while NSE turnover stood at KSh 607.3 Million. Foreign buys totalled KSh 254.3 million, which made up 41.87% of the total market while foreign sales were worth KSh 168.0 million or 27.67% of the total market.