Carbacid Investments Plc was last week’s top price gainer at the Nairobi Securities Exchange(NSE) with a 13.5% week-on-week price change to KSh 13.05. This is on a volume of 503, 600 shares.
Carbacid (CO2) Limited is a liquefied carbon dioxide manufacturer, based in Kenya. Carbacid’s gases and gas supply equipment are used in applications such as scientific laboratories, refrigeration systems, aerosol propellant products, high technology medical and pharmaceutical processes, environmental emission control, and food processing.
CARB closed its last trading day on Friday, November 5, 2021, at KSh 13.05 per share on the Nairobi Securities Exchange (NSE), recording a 0.4% drop from its previous week’s closing price of KSh 13.10.
Carbacid began the year with a share price of KSh 12.10 and has since gained 7.85% on that price valuation, ranking it 20th on the NSE in terms of year-to-date performance.
The stock has accrued 14% over the past four-week period—best on NSE, riding on its planned acquisition of 100% shareholding of BOC Kenya.
Carbacid Investments is the 27th most traded stock at the NSE over the past three months.
Other price gainers during the week included Kenya Power, which moved a volume of 16,262,400 at a price of KSh 1.91, a week-on-week change of 11.0% with 17.5% participation from foreign investors; East African Cables which gained 10.2% to end the week at KSh 1.41 per share and Eaagads which rose 8.3% week-on-week to KSh 13.00 per share on a volume of 13,200 shares.
Weekly Equity turnover at the NSE declined 5.3% to KSh 1.8 Billion from the previous week’s KSh 1.9 Billion.
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