TransCentury was the weekly top price gainer at the Nairobi Securities Exchange(NSE), its share price moving up 16.2% to KSh 1.36 per share on a volume of 4,300 shares.
When trading ended at the NSE on Friday January 7th, 2022, TransCentury Limited was also among the top price gainers at KSh 1.36, a 3% appreciation from the previous closing price of KSh 1.32.
TransCentury began the year with a share price of KSh 1.17 and has since gained 16.2% on that price valuation, ranking it first on the NSE in terms of year-to-date performance.
TransCentury has been in sharp focus over its plans to delist from the NSE, a move that it has since retreated from. This strategy would have seen the listed firm’s issued 375,202,766 shares of a par value of Ksh0.50 each, delisted from the bourse.
TransCentury is an infrastructure company with three operating divisions across 14 countries in East, Central, and Southern Africa. The operating divisions are;
Power infrastructure; Manufacture of Electrical Cables, Conductors, Transformers and Switchgear
Infrastructural projects; Critical Energy and Transport Infrastructure to Support Key Pillars of the Domestic and Export Economy.
Engineering; Provision of mechanical engineering, civil engineering, transport & logistics, and craneage & erection services.
TransCentury leads the table of weekly top price gainers
Other top price gainers of the week included Sasini, whose price rose 13.6% to close at KSh 21.25; Standard Group which was up 10% week-on-week to KSh 14.90 and Car& General, which rode on positive sentiments, to rise 9.1% to KSh 37.05.
The worst performers of the week were led by Nairobi Business Ventures which declined by 18.5% to KSh 4.94; Olympia Capital Holdings which fell by 6% to KSh 1.88; Express Kenya which depreciated by 4.9% to KSh 3.90 and Uchumi whose share price fell by 4.2% to KSh 0.23.
According to Weekly data from AIB-AIB-AXYS Africa Limited, top weekly movers were led by Safaricom, which moved a volume of 30 Million shares and closed the week at KSh 39.90 per share, accountinmg for 73.5% of market share.
It followed by Equity Group(8.5 Million shares)and closed the week at KSh 53.00 per share and accounted for 27.5 per cent of weekly market activity; Kenya Power which moved 3 million shares during the week, closing Friday at KSh 1.72 and KCB Group, which moved 2.6 Million shares ending the week at KSh 46.00.
Foreign investors were active in Equity Group, BAT, Safaricom, KCB Group, Standard Chartered Bank and Jubilee Holdings.
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