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Standard Group is Top Price Gainer At the NSE

Nairobi Securities Exchange(NSE) data shows that Standard Group was the day’s top price gainer, rising by 9.93% to close at KSh 15.50.

Standard Group began the year with a share price of KSh 13.55 and has since gained 14.4% on that price valuation, ranking it third on the NSE in terms of year-to-date performance.

The Company is engaged in the publishing of The Standard, Saturday Standard and The Sunday Standard newspapers; distribution of selected local and newspapers, magazines and periodicals, and television broadcasting under the name of Kenya Television Network Limited (KTN).

Its subsidiaries include The Standard Limited, Baraza Limited, Agency Sales and Promotion Limited and KTN.

NSE top price gainers and losers

Other top price gainers at the Nairobi bourse this Friday was Car& General, which rose by 7.41% to KSh 58.00 after being the leading price gainer at the bourse for six consecutive trading sessions.

Eaagads gained 6.98% to KSh 13.80; Express Kenya was up 6.82% to KSh 3.60 and Crown Paints which appreciated by 5.535 to close at KSh 32.45.

The worst performing counters were led by Nairobi Business Ventures which declined by 9.18% to KSh 4.65; Sasini which declined by 5.185 to KSh 21.05; Sameer Africa which fell by 5.09% to KSh 2.61; Uchumi which lost 4.35% to close at KSh 0.22 and TPS Serena which depreciated by 3% to end the day at KSh 14.55.

The prime movers were Safaricom( 2.01 Million) followed by Nairobi Business Ventures( 1.00 Million, KPLC(471,200), I&M Holdings( 226,100) and Carbacid Investments( 211,700).

The NSE All Share Index was up 0.23 points to close at 165.09 while the NSE 20 Share Index was up 14.17 points to 1899.79. The NSE 25 Share Index gained 18.71 points to close at 3685.87

NSE Daily Equity Turnover declined to KSh 134.1 Million from the previous KSh 349.4 Million, a decline of 62%

A total of 5,288,100 shares in 964 deals was recorded compared to 8,195,600 shares in 1,027 deals on Thursday.

The current market capitalization of the NSE is KES 2.571 trillion compared to KSh 2. 567 at the end of the previous trading session.

The secondary bonds market had a turnover of KSh 3.8 Billion from 53 deals compared to a turnover of KSh 5.7 Billion in 92 deals at the previous session.

The Derivatives Market had 9 contracts worth KSh 383,650 concluded compared to 10 contracts worth KSh 410,470 at the end of the previous trading session.

ALSO READ: NSE Equity Turnover Drops 2% to KSh 349.4 Billion

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