At today’s NSE trading, the NSE 20-Share Index closed up 6.46 points (0.17 percent) to settle at 3,795.10 points from 3,788.64 points at the close of trading last week.
For a fourth consecutive day at the NSE, Safaricom was the most traded share with 9.18 million shares traded up from 1.49 million shares at the close of trading last week. Kenya Commercial Bank followed with 1.7 million shares traded up from 536,300 shares on Friday while third was Co-operative Bank moving 1.62 million shares from 696,500 shares at the end of last week. The fourth most active counter was Equity Bank with 1.37 million shares moving across the counter while fifth was Mumias Sugar with 1.33 million shares traded up from 636,900 shares on Friday.
- Total Kenya Ltd – On the first day of trading after the Energy Regulatory Commission (ERC) reviewed fuel prices downwards, Total Kenya shares closed up 0.32 percent at Ksh 15.50 adding 5 cents from Ksh 15.45 on Friday. Lower fuel prices could affect the company’s earnings this year similar to last year when the company made a net loss of Ksh 71 million due to increased production costs which the company was not able to pass on to customers amidst the ERC’s price regulation mechanism (Annual Company Report).
- Carbacid Investments Ltd – The parent company of Carbacid (CO2) Ltd remained at Ksh 130; the share’s highest price in more than one and a half years. The share has been on an upward trend this year having gained 51 percent since early January which represents an addition of Ksh 43.87 on the share’s price (Bloomberg).
- Kengen – The share closed today similar to Friday at Ksh 8.45. Kenya’s leading power generating company has been on an overall decline, losing 5.6 percent since after hitting this year’s highest price of Ksh 8.95 for a second time in late June. The company is among the world’s top 10 geothermal producers and is currently building the world’s single largest geothermal power plant set to be complete by the year 2014 according to last year’s Annual Report.