The market wrap trading on Tuesday 10th March saw 29,805,100 shares traded down from 37,765,600 on Monday. Safaricom Plc was the most traded with 21.31 Million shares exchanging hands, putting the Telecommunication giant at KSh 1.11 Trillion market capitalization.
Home Africa Plc was the top gainer of the market wrap with a price appreciation of 7.50% closing at KSh 0.43 per share. Home Africa Plc has been trading at between KSh 0.48 and KSh 0.40 over the last month with the low of KSh 0.40 experienced on Monday 9th. Other gainers of the day were East African Cables Plc up 3.83% , Uchumi Supermarkets Plc up 3.45% and KCB Group with a share appreciation of 2.36% closing the day at Ksh 47.80 from Ksh 46.70
Stanbic Holdings Plc saw a share price depreciation 0f 8.78% to close at KSh 106.50 compared to KSh 116.80 on Monday. Stanbic shares closed at a 3 month high of 118.5 last week 3rd March. Stanbic Holdings Plc posted an increase in net earnings to KSh 6.4 billion for the financial year ended 31st December 2019. A slight improvement from KSh 6.3 billion net profit recorded in 2018. Stanbic Holdings Plc recently appointed Patrick Mweheire as the new chief executive.
Liberty Kenya Holdings Plc shed off 8.51% of share price value closing at KSh 6.88 from KSh 7.52 on Monday. Liberty Kenya Holdings Plc has been on a downward trend since 3rd March when it closed at KSh 9.16. Other stocks that declined in price include Unga Group Plc down 7.69% , Umeme Limited down 6.16% and Olympia Capital Holdings depreciating by 4.8%
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