Several Kenyan stocks have had an outstanding performance this year despite many companies listed on the NSE experiencing negative Year to Date (YTD) returns. The consumer discretionary sector has had the best returns gaining 22.73% while the Industrial sector has been the worst hit, with a negative return of -37.72%.
Let’s now look at the top 5 best-performing stocks in the NSE in 2022:
1. OCH – Olympia Capital Holdings Limited (32% YTD)
Olympia Capital began the year with a share price of 2.00 KES and has since gained 32% on that price valuation, ranking it first on the NSE in terms of year-to-date performance. OCH closed at 2.64 KES per share on Wednesday, November 30, 2022, on the Nairobi Securities Exchange (NSE).
Olympia Capital Holdings Ltd is a Kenya-based holding company. Its main investments are 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.
2. LIMT – Limuru Tea Company Limited (31.3% YTD)
Limuru Tea began the year with a share price of 320.00 KES and has since gained 31.3% on that price valuation, ranking it second on the NSE in terms of year-to-date performance. LIMT closed at 420.00 KES per share on Wednesday, November 30, 2022, on the Nairobi Securities Exchange (NSE).
Limuru Tea Plc is a Kenyan company engaged in the growth of green-leaf tea. Founded in 1895, the Company owns 282 hectares of tea land situated four kilometers to the east of Limuru Town. Limuru Tea Plc is an out-grower of Unilever Tea Kenya Limited (UTKL). UTKL holds 52% of the issued share capital of Limuru Tea and acts as the company’s managing agent in the growing, manufacturing, sales, and marketing of its tea. The Limuru Tea estate green leaf is manufactured in the nearby UTKL’s Mabroukie factory from where it is sold mainly for export.
3. NCBA – NCBA Group Plc (31% YTD)
NCBA began the year with a share price of 25.20 KES and has since gained 31% on that price valuation, ranking it third on the NSE in terms of year-to-date performance. NCBA closed at 33.20 KES per share on Wednesday, November 30, 2022, on the Nairobi Securities Exchange (NSE).
NCBA Group PLC, together with its subsidiaries, provides retail and corporate banking, asset finance, securities brokerage, bancassurance, leasing, property, and investment banking services in Kenya, Uganda, Tanzania, Rwanda, and Cote d’Ivoire. The company operates through Corporate and Institutional Banking, Retail Banking, Treasury Dealing, Digital banking, and Investment Banking segments.
4. PORT – East African Portland Cement Co. Ltd (19.8% YTD)
East African Portland Cement began the year with a share price of 6.66 KES and has since gained 19.8% on that price valuation, ranking it fourth on the NSE in terms of year-to-date performance. PORT closed at 7.98 KES per share on Wednesday, November 30, 2022, on the Nairobi Securities Exchange (NSE).
East African Portland Cement Co. Ltd. is a Kenya-based company engaged in the manufacturing and selling of cement. It sells its products under the brand name Blue Triangle. Blue Triangle is used for cement, mortar, and concrete building applications. The Company also manufactures custom-made cement products for use in construction, as well as pre-cast concrete items, such as paving blocks, tiles, building blocks, and pre-stressed concrete components. East African Portland Cement’s concrete pavers are used in the construction of roads, hydraulic and marine structures, walkways, parking areas, petrol stations, and go-down floors.
5. WTK – Williamson Tea Kenya Limited (15.4% YTD)
Williamson Tea began the year with a share price of 130.00 KES and has since gained 15.4% on that price valuation, ranking it fifth on the NSE in terms of year-to-date performance. WTK closed at 145.00 KES per share on Wednesday, November 30, 2022, on the Nairobi Securities Exchange (NSE).
Williamson Tea Kenya Plc, together with its subsidiaries, engages in the cultivation, manufacture, and sale of tea in Kenya. The company operates four tea farms in the areas of Changoi, Kaimosi, Kapchorua, and Tinderet found in the Western part of the Rift Valley, Kenya. Williamson Tea Kenya Limited distributes its products under Duchess Grey, Traditional Afternoon, Lifeboat Tea, and Special Blend brands, among others.
