BOC Kenya Plc climbed to top price gainer when trading ended at the Nairobi Securities Exchange(NSE) on Thursday, 15th April 2021.
With a Market Capitalization of KSh 1. 31 Billion, BOC Kenya’s share price was up 8.94% to close the day at KSh 67.00, an increase of KSh 5.50. This was on a volume of 1,900 shares, resulting in a turnover of KSh 127,300.00 according to real-time data from Hisa App.
BOC Kenya Share price movements
BOC Kenya began the year with a share price of KSh 63.00 and has since gained 6.35% on that price valuation, ranking it 15th on the NSE in terms of year-to-date performance.
BOC Kenya shareholders are optimistic about the KSh 1.2 Billion Carbacid Investments takeover bid, given that the stock has accrued 11.67% over the past four-week period alone.
Listed on the Manufacturing and Allied sector of the NSE, BOC Kenya is engaged in the manufacturer and sale of industrial, medical gases, and welding products through its subsidiaries in Kenya, Uganda and Tanzania.
The firm’s subsidiaries include wholly-owned East African Oxygen Limited, BOC Tanzania Limited and BOC Uganda Limited. BOC Kenya Ltd is a subsidiary of the Linde Group.
Other top price gainers Thursday 15th April 2021 were Nairobi Business Ventures, whose share price was up 8.54%, Sasini Plc- 8.38% and Kapchorua Plc by 7.88%.
Turnover at the NSE declined 27% to KSh 365,656,171.00 when trading ended at the bourse.
A total of 12,024,900 shares changed hands in 942 deals, representing a 25% decline from yesterday’s volumes.
The bourse recorded 26 gainers and 12 losers.
The worst performing counter was Car & General, whose share price fell by10% to KSh 21.60. Other losers included Uchumi Supermarkets which was down 4.55%; Carbacid Plc, whose share price was down by 3.38%; and Britam, whose share price declined by 2.89%.
The biggest mover was Safaricom with a volume of 7.1 Million traded shares, followed by Kenya Power and Lighting Company (1.23Million), Bank of Kigali Group (500,000) and KCB Group(467,500).
The benchmark NSE All Share Index (NASI) increased by 2.94 (1.82%) points to close at 164.32, representing a 1-week gain of 4.15%, a 4-week gain of 0.92%, and an overall year-to-date gain of 8.03%.
The NSE 20 Share Index gained 6.31 points to close at 1873.46, while the NSE 25 Share Index gained 43.09 points to close at 3620.10
The Derivatives Market had 34 single stock futures contracts valued at KSh 1.16 Million concluded, compared to the 8 SSF contracts valued at KSh 293,635 concluded in the previous session.
The Secondary Bond Market on the NSE recorded a decline in activity with bonds worth KSh 3.82 Billion transacted in 124 deals.
This is compared to the KSh 8.41 Billion worth of bonds achieved in 144 deals in the prior session.