Crown Paints Plc, engaged in the manufacture and sale of paints, adhesives, decorating sundries, polyvinyl acetate (PVA) emulsion, alkyd resins and tins, was the top price gainer when trading ended at the Nairobi Securities Exchange( NSE) Tuesday 20th April 2021.
Its share price rose 6.32% to close the day at KSh 40.40. This is compared to its previous closing price of KSh 38.00.
Crown Paints began 2021 with a share price of KSh 38.00 and has since climbed 6.32% on this price valuation, ranking it 17th on the NSE in terms of year-to-date performance.
Crown Paints share price history
With a market capitalization of KSh 2.88 Billion, Crown Paints traded between KSh 38.00 and KSh 41.00 on a volume of 500 shares in two deals that resulted in a turnover of KSh 20,200.00 on Tuesday 20th, 2021.
Crown paints has a presence in Kenya, Tanzania and Uganda, with other business outlets in Burundi, Southern Sudan, Congo and Rwanda.
Its subsidiaries include wholly-owned Crown Berger Allied Industries Limited and Crown Buildings and Products Limited (Uganda).
More than six months ago, the paint makers launched a rights issue to raise KSh 711.8 Million to enable Crown Paints to secure its balance sheet strength and pump more cash into loss-making subsidiaries.
Other top gainers were Sasini Plc which was up 6.1%, Liberty Holdings Plc (4.53%) and Uchumi Supermarkets Plc (4.35%).
The NSE recorded a 281% increase in turnover to KSh 483,281,971.00 on a total of 15.5 Million shares that changed hands in 1,056 deals.
The worst performers were led by Unga Group Plc, whose price fell by 5.63% to end the day at KSh 30.20 per share.
Nation Media Group Plc share price fell by 2.86%, Home Africa declined by 2.44%, and Nairobi Securities Exchange Plc was down 2.28%.
Safaricom Plc was the biggest mover with a volume of 5.1 million shares traded. It was followed by KCB Group Plc(2.75Million), KenGen Plc (2.46Million), Equity Group Holdings Plc (1.84Million) and NCBA(876,000).
The Benchmark NSE All-Share Index (NASI) gained 1.09 points to close at 164.82, while the NSE 20 Share Index declined 5.12 points to close at 1873.93. The NSE 25 Share Index gained 16.47 points to close at 3633.40.
The Derivatives Market had 57 single stock futures contracts valued at KSh 2.50 million concluded, compared to the 5 SSF contracts valued at KSh 205,300 concluded in the previous session.
The Secondary Bond market moved bonds worth KSh 3.70 billion in 102 deals. This is compared to KSh 4.16 billion worth of bonds achieved in 99 deals in the prior session.
ALSO READ: Crown Paints to raise KSh 711.8 Million from Rights Issue
