HomeMARKETSSTOCKSDull Counters Find Pickers as Investors React to Covid-19 Retreat

Dull Counters Find Pickers as Investors React to Covid-19 Retreat

The top gainer of the day at the Nairobi Securities Exchange(NSE) was TPS Eastern Africa (Serena) Limited with its share price rising 6.73% to Ksh16.65.

Serena Hotels chain is among players in the hotel and leisure business who have been severely hit by Covid-19 virus-related containment measures. In March, Serena was forced to temporarily shut down its properties.

Source: Mystocks.co.ke

There are all indications that President Uhuru Kenyatta could lift the night curfew and relax restrictions imposed on key sectors of the economy, including the leisure and hospitality industry.

Other top gainers at the NSE today included Umeme Limited, whose share prices climbed up 5.81% to Ksh7.28, Nation Media Group which was up 5.56% to Ksh18.05, Total shares which appreciated 3.17% to Ksh24.40 and BAT, which recorded a rise in its share price by 2.26% to Ksh340.00.

Safaricom, the most capitalized stock at Ksh 1.2 trillion, moved back to be the top mover position at the bourse, with activities at this counter being dominated 90% by foreign investors. The mobile phone company’s share price rose 0.50% to Ksh30.0 from the previous KSh 29.90.

Other movers at the bourse were KenGen with 4.66 Million, Equity Group transacting a volume of 4.66 million, Kenya Reinsurance 1.82 million and KCB 1.45 million shares.

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Kenya Orchards was the performer at the bourse, its share price falling by a massive 9.80% to KSh 11.05.

Other losers were Stanlib Fahari REIT whose price climbed down 7.01% to Ksh 11.05, Home Afrika, Uchumi which lost 6.45% to KSh 0.29 and KenGen share price which declined 6.34% to KSh 5.02.

The NSE 20 share index lost 8.78 points to 1,839.96 from 1,848.74 previously while the NSE 25 edged 0.06 points from 3219.29 to 3219.35. The All Share Index was up marginally by 0.23 points from 139.54 to 139.77.

Trading on the secondary bond market was slightly higher with bonds worth Ksh3.01 billion transacted in 73 deals. This is against Ksh2.11 billion achieved in 49 deals transacted on Monday 21st September 2020.

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