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Longhorn Publishers emerges among top gainers at NSE

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Longhorn Publishers emerges among top gainers at NSE

Longhorn Publishers emerges among top gainers at NSE

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Longhorn Publishers’ stocks rose by  3.5 percent to emerge among top gainers on the Nairobi Securities Exchange (NSE) when it traded Ksh.4.14 per share on Friday.

 This follows the Ksh.7.5 million profit the publisher recorded for the year ended June 30, 2021, from a loss of Ksh.226 million recorded in 2020.

https://254news.co.ke/longhorn-publishers-posts-ksh-7-5-million-profit/

Further, Uchumi Supermarket is the day’s top gainer on NSE,  whose stocks edged up 4.6 percent when it traded Ksh.0.22 per share.

It was followed by Liberty Kenya Holdings, whose stocks edged up 3.63 percent, trading at Ksh.8 per share.

On the other hand, Kenya Commercial Bank Group (KCB) stocks rose by  3.41 percent to trade Ksh.48.55 per share. 

The lender came in Fourth among the top five gainers after Longhorn.

 Additionally, TPS Eastern Africa ended the day 3.33 percent higher to close at Ksh.15.50 per share.

Losers

However, Limuru Tea’s stocks crashed Friday to emerge as the day’s biggest loser after shading 8.57 percent of its stocks.

It was followed by CIC Insurance which dropped 2.87 percent to close at Ksh.71 per share.

The drop comes three days after CIC  launched a medical cover dubbed Seniors Mediplan targeting senior citizens  60 years.

While the joining age is 80 years, the product will be offering in-patient, outpatient, dental, optical, and within East Africa the benefit of the ambulance and air evacuation.

CIC General Insurance Managing Director Fred Ruoro noted that medical care becomes more expensive as one age.

Senior citizens without a medical cover end up spending most of their hard-earned life savings to cater for medical expenses, which drives people into abject poverty,” he added.

 Moreover,  Jubilee Holdings shed 2.71 percent to close at 350 shillings and 25 cents. HF Group was two percent down, while B.A.T Kenya shed 1.1  percent to close at Ksh.450 per share.

Safaricom was the day’s biggest mover, trading over 3.7 million shares worth more than Ksh.161 million.

Co-operative Bank moved more than 1.8 million shares, followed by Equity Group Holdings at over 1.5 million shares.

 And KCB Group, slightly above 1.4 million shares.

Kenya Power and Lighting Company closed the day,  moving nearly 1.3 million shares.

The power distributor has is caught up in a new scandal over mismanagement.https://254news.co.ke/kplc-board-members-face-summoning-over-mismanagement/