{"id":465914,"date":"2011-07-22T04:59:28","date_gmt":"2011-07-22T04:59:28","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/07\/22\/kenya-scangroup-is-the-best-performing-counter\/"},"modified":"2011-07-22T04:59:28","modified_gmt":"2011-07-22T04:59:28","slug":"kenya-scangroup-is-the-best-performing-counter","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/07\/22\/kenya-scangroup-is-the-best-performing-counter\/","title":{"rendered":"Kenya: Scangroup is the Best Performing Counter"},"content":{"rendered":"
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Nairobi Star<\/a> (Nairobi)<\/p>\n

Aly Khan Satchu<\/p>\n

21 July 2011<\/p>\n

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The shilling was trading at 90.04 last and currently sits 2.0696% away from its multi year intra day low of 91.95 from last month. The NSE20 fell 8 days in a row, bounced on Friday, set a new 2011 closing low on Monday, rallied on Tuesday and turned 3.86 points higher to close at 3780.93. The NSE20 IS -14.71111% in 2011. The Nairobi All share closed 0.40 points lower at 85.73. Market Cap was 1.067455 trillion versus 1.072522 trillion last time.<\/p>\n

Equity Turnover was vigorous at 556.484m versus 615.502m last time and activity was once again concentrated in Kenya Commercial Bank and Scangroup, both of which have seen a material movement on their shareholder register in the last 10 trading sessions. In Commercial and Services, Safaricom traded less than 1m shares and closed -1.39% at 3.55. Safaricom traded a 3.50-3.60 range and 3.50 is a 52 week intra day low. Safaricom trades on a 10.66 trailing PE.<\/p>\n

ScanGroup traded 2nd at the bourse and traded 2.7m shares [0.94806% of its shares and add Tuesday’s 1.8297% and ScanGroup has seen 2.77776% of its shares trade over the last 2 consecutive<\/p>\n

sessions] worth 140.385m. ScanGroup edged 0.9625% lower to close at 51.50. The weighted average was 51.99. On a 12 month view, ScanGroup is the best performing counter at the bourse over 1 year having posted a 63.781% 1 year return. The float is thin and hence recent sharpened activity of interest.<\/p>\n

Kenya Airways eased 0.719% to close at 34.50 and trades on a 4.51 Trailing PE and these fundamentals are being outweighed by a widely expected capital call. Nation Media was marked down 5.59% to close at 152.00 while Uchumi turned 1.442% higher to close at 10.55.<\/p>\n

Among Banks, KCB was once again the most actively traded counter and closed unchanged at 22.75 and traded 6.424m shares [1.0706% of the shares] worth 147.081m which was 26.43% of the total turnover at the NSE. KCB trades on an 8.243 Trailing PE. KCB has transacted no less than 5% of its shares in the last 10 trading sessions.<\/p>\n

Co-op Bank rallied 1.602% to close at 15.85 and closed at 21.50 on 25th Feb a 52 week high and subsequently has eased 26.27% since that date. We have been seeing good buy side demand as investors consider the pull back overdone. Barclays Bank eased 0.31% to close at 16.05 while Equity Bank retreated 1.086% to close at 22.75. StanChart was marked down 2.2212% to close at 221.00.<\/p>\n

In the Industrial and Allied, EABL traded 3rd and eased 0.53% to close at 187.00. EABL has retreated 6.96% in 2011 and is therefore outperforming the NSE20 which is down 14.6209% over that same period.<\/p>\n

KenGen bounced 3.33% to close at 12.40 and was trading at 12.55 +4.58% at the finish line and demand was 8 for every 1 of supply at the close. KPLC firmed 1.25% to close at 20.25 while Athi River Mining was the biggest absolute gainer on the day rebounding 9.146% to close at 179.00. Bamburi Cement eased 3 shillings to close at 175.00. Mumias Sugar rallied 1.3888% to close at 7.30 while KenolKobil eased 0.909% to close at 10.90. Transcentury dipped 1.0101% to close at 49.00 on 4,300 shares.<\/p>\n

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\nKenya: Scangroup is the Best Performing Counter<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nairobi Star (Nairobi) Aly Khan Satchu 21 July 2011 The shilling was trading at 90.04 last and currently sits 2.0696% away from its multi year intra day low of 91.95 from last month. The NSE20 fell 8 days in a row, bounced on Friday, set a new 2011 closing low on Monday, rallied on Tuesday and turned 3.86 points higher to close at 3780.93. The NSE20 IS -14.71111% in 2011<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-465914","post","type-post","status-publish","format-standard"],"yoast_head":"\nKenya: Scangroup is the Best Performing Counter - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/07\/22\/kenya-scangroup-is-the-best-performing-counter\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Kenya: Scangroup is the Best Performing Counter - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Nairobi Star (Nairobi) Aly Khan Satchu 21 July 2011 The shilling was trading at 90.04 last and currently sits 2.0696% away from its multi year intra day low of 91.95 from last month. 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