Speculators Raid Olympia Capital Shares

Speculative investors pushed the current share price of Olympia Capital Holdings Limited to Ksh2.00, a 6.95% rise, placing it as the top price gainer at the Nairobi Securities Exchange(NSE) on 18th November, 2020. The stock previously traded at Ksh1.87.

While Olympia Capital Holdings began the year with a share price of Ksh2.01, it has since shed off 0.5% of that price valuation, ranking it 12th on the NSE in terms of year-to-date performance.

The counter moved a volume of 900 shares in two deals that resulted in a turnover of Ksh1,804 in trades. [ Illustration / Mystocks.co.ke ]

This Wednesday, the counter moved a volume of 900 shares in two deals that resulted in a turnover of Ksh1,804 in trades that were driven 100% by local investors.

Olympia Capital Holdings Ltd is a Kenya-based holding company with interests in companies dealing in the manufacture and sale of products used in the construction industry, such as floor tiles, adhesives, uPVC windows and door frames, cleaning chemicals, as well as fire prevention equipment, water pumps and real estate.

Its subsidiary and affiliated companies include Dunlop Industries Limited, Olympia Capital Corporation Limited, Kalahari Floor Tiles Limited, Gaborone Enterprises Limited, Avon Rubber Company Ltd and Mather & Platt (Kenya) Limited.The company was formally registered in Kenya and got listed at the Nairobi Stock Exchange in 1976.

At the close of Wednesday, turnover at the Nairobi Securities Exchange(NSE) slumped 45% to Ksh209.9 million from Ksh266.8 million on Tuesday.

Safaricom was the highest mover at the bourse with a volume of 3.01 million shares followed by Absa Bank (942,100), KenGen (689,200), Equity Bank( 445, 600) and Co-operative Bank(289,800). 

Apart from Olympia Capital, other counters that reported price gains include Britam, which was up 3.31% to close at Ksh7.50, Bamburi Cement which rose 3.28% to Ksh26.80, Kenya Reinsurance was up 2.38% to Ksh2.15 and East African Cables gained 2.34% to close at Ksh1.31.

The NSE 20 Share Index was up 1.09 points to 1788.54 from 1787.45

The laggards counters were led by Home Afrika, which lost 9.76% to Ksh0.37, followed by Express Kenya which was down 6.98% to Ksh3.20. Eveready East Africa was down 4.40% to trade at Ksh0.87, Nation Media Group which declined 3.01% to Ksh 16.10 and Flame Tree Group, which was down 2.17% to Ksh1.35.

The NSE All-Share Index was down 0.43 points from 144.51 to 144.08 while the NSE 25 Share Index was down 11.83 points to 3278.32 from 3290.15 The NSE 20 Share Index was up 1.09 points to 1788.54 from 1787.45.

Next Read >> NSE’s Cheapest Shares Are Speculator’s Paradise

Latest

Captain William Ruto: President’s Namesake With a Decorated Career

Captain William Kipkemboi Ruto is officially known by the name William Ruto, which also happens to be President William Samoei Ruto’s official name.

Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies

With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.

Engineer Turned Away by 6 Banks Now Owns Premium Hotel Chain

In just 12 years, PrideInn Hotels & Resorts has grown from one hotel with 28 rooms to eight hotels in five counties.

Resignation of 3 Standard Group Directors Signals Big Trouble

Standard Group Directors: Media house announced through its Nairobi Securities Exchange filing that Dr Githinji Gitahi - who was an Independent, Non-Executive Director - had quit effective 10th November, 2023.

Follow Us

Newsletter

Don't miss

Tusker Oktobafest Rolls East African Cultures into One

From regional events across Kenya to inaugural gatherings in Uganda and Tanzania, and the Tusker Oktobafest grand finale in Nairobi, the festival harmonized traditions, celebrated diversity, and highlighted the rich cultural tapestry of the East African culture

Lupita’s Little Brother Junior Nyong’o Charting His Own Path in Acting

Junior Nyongó, who is also a musician and a DJ and now a graduate of UC San Diego with an MFA in Acting, is crafting his own solid path in the world of acting with roles in major theatre productions.

Safaricom To Power Tusker OktobaFest Beer Festival

Safaricom’s involvement in OktobaFest as a technology and payments partner will focus on fostering seamless in-festival connectivity, empowering the youth and Gen Z community through Safaricom Hook, and powering digital payments through M-PESA.

Music Producers Launch Organization To Streamline Recording Industry

Recording Industry of Kenya (RIKE) was launched on 9th October 2023. Registered in 2022 as a not-for-profit organization, RIKE aims to promote the collective interests of producers of sound recordings in the country.

Nairobi’s Hero Bar Listed Among World’s 50 Best Bars

World Best Bars: Hero Bar in Nairobi continues to climb the list, moving up six places to No.62 and Johannesburg’s Sin + Tax comes in at No.94. Dubai new entry Ergo is at No.69 and Melbourne’s Byrdi has re-entered the list at No.61.

Kenyan DJs Face Off In Smirnoff Battle Of The Beats Season 3

The Smirnoff Battle of the Beats Season 3, a DJ competition, is poised to unleash an unprecedented musical frenzy countrywide.

The Highs And Lows Of Betty Kyallo, Sisters Show As Season 2 Ends

Kyallo Kulture has always been, above all, about sisterhood, and in Season 2 we have witnessed the charm of it - the ups that gave us wholesome moments as the sisters led by Betty Kyallo spent time together.

DStv Beats CNN, BBC To Become Most Admired Media Outlet In Africa

DStv, MultiChoice Group’s leading broadcast service, has been named...

MultiChoice Revises Subscription Fees For DStv, GOtv

MultiChoice has announced price adjustments on some of their...

Octopizzo: How I Make My Money

"I've been doing this for 12, 13 years. It reaches a point where you no longer need to prove that you can make a hit record," he stated.
BT Reporter
BT Reporterhttp://www.businesstoday.co.ke
editor [at] businesstoday.co.ke

Captain William Ruto: President’s Namesake With a Decorated Career

Captain William Kipkemboi Ruto is officially known by the name William Ruto, which also happens to be President William Samoei Ruto’s official name.

Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies

With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.

Engineer Turned Away by 6 Banks Now Owns Premium Hotel Chain

In just 12 years, PrideInn Hotels & Resorts has grown from one hotel with 28 rooms to eight hotels in five counties.

LEAVE A REPLY

Please enter your comment!
Please enter your name here