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Sameer Africa rides top gainers chart in NSE trading

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Naushad Merali led Sameer Africa edged up 9.44% at the close of trading on March 26 at the Nairobi Securities Exchange (NSE).

By closing bell, Sameer Africa was at a share price of Ksh1.97, having previously traded at Ksh1.80.

Retail chain Uchumi Supermarkets followed Sameer Africa closely, jumping 7.69% to end at Ksh0.56.

East African Cables and leather retailers Nairobi Business Ventures were also among Tuesday’s top gainers, with 6.23% and 4% gains respectively.

Crown Paints also coloured the top gainers chart, jumping 3.70% to end at Ksh84.

NSE Gainers

On the firms that saw a recession in share price, mortgage finance provider HF Group shed 8.66% to Ksh5.06, ending as the day’s top decliner.

Tea makers Sasini also cooled to Ksh15.05, a 7.10% drop.

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Standard Chartered also highlighted a trend in decline of banks, losing 6.48% to settle at Ksh205.75.

Home Afrika and Trans-Century slumped 5% and 4.47% into the red zone respectively.

Volume movers

Safaricom reigned in terms of volumes, moving 17.5 million shares on Tuesday.

National Bank and TPS Eastern Africa were at 1.9 million and 1.7 million shares traded respectively, while Home Afrika moved 1.4 million shares despite being among the day’s top decliners.

Tuesday’s trading at the NSE had seen a retreat in equity turnover from Ksh865 million posted on Monday to Ksh631 million. Stocks traded also receded to 26.6 million as against 30.5 million.

The slump was also accompanied by a dip in all the indices counters as follows;

  • The NSE 20 share Index was down 19.75 points to stand at 2852.15.
  • All Share Index (NASI) shed 1.70 points to stand at 157.37.
  • The NSE 25 Share index shaved-off 31.36 points to stand at 3922.29.

At the bond market, Ksh2.6 billion worth of bonds were traded, indicating a decline from Ksh3 billion.

All this meant that market capitalisation, which measures investor wealth at the bourse, also dipped for a second trading session in succession. Having posted Ksh2.38 trillion on Monday, Tuesday’s session saw investors now worth Ksh2.35 trillion.

[Read: Radisson Blu Nairobi gets new GM]

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Mike Njoroge
Mike Njorogehttp://www.businesstoday.co.ke
Mike Njoroge is the founder of Daystar Oracle and FootballTriangle. He is passionate about news, religion and sports. He can be reached at: [email protected]
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