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Weekly Markets Update 25| The Virgin Galactic Space Launch, Risen Indices and Kenya Power Transformers Auction.
In this episode, the Hisa team and family discuss Richard Branson's launch into space and how it might affect Virgin Galactic Stocks. We also talk about the ongoing events with KRA announcing that it will auction Kenya Power Transformers, currently at the port for 7 years following unpaid dues, and detail the story behind risen indices in the last week.
Highlights:
- CIC was the Top gainer, up 41.3%, closing at Ksh 3.39 following the changes in the board, a sign of optimism among the investor community.
- Crown Paints was the top loser for the week, shedding 27%. This comes after the rights issue, which affects the liquidity of the company.
- There were declines in volumes of shares traded to 83 million from 89 million. The Week on Week turnover grew to Ksh 2.7 billion, up from Ksh 2.5 billion.
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By Kenyan Wall StreetIn this episode, the Hisa team and family discuss Richard Branson's launch into space and how it might affect Virgin Galactic Stocks. We also talk about the ongoing events with KRA announcing that it will auction Kenya Power Transformers, currently at the port for 7 years following unpaid dues, and detail the story behind risen indices in the last week.
Highlights:
- CIC was the Top gainer, up 41.3%, closing at Ksh 3.39 following the changes in the board, a sign of optimism among the investor community.
- Crown Paints was the top loser for the week, shedding 27%. This comes after the rights issue, which affects the liquidity of the company.
- There were declines in volumes of shares traded to 83 million from 89 million. The Week on Week turnover grew to Ksh 2.7 billion, up from Ksh 2.5 billion.