Kenya Airways make gains in NSE despite strike

Don YF

Don YF

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KQ flies at the NSE despite strike at JKIA
by Mike Njoroge — March 7, 2019
Kenya Airways registers second highest gain at the NSE on day of strike at JKIA
Market activity of Kenya Airways (KQ) resisted the aviation worker’s strike as the national carrier jumped 5.99% to end March 6 at a share price of Ksh6.02.
The airline, who on Wednesday came under pressure from the Kenya Aviation Workers Union (KAWU) as relates a merger with the Kenya Airports Authority, was the second highest gainer at the Nairobi Securities Exchange (NSE) trading floor yesterday.
Topping KQ was EA Portland Cement, who jumped 10% on Wednesday to end the day at Ksh18.70.
Following the cement manufacturer and the national carrier were East African Breweries, up 3.96% to Ksh 203.50, and Barclays Bank Kenya who posted a 3.07% gain with a closing share price of Ksh11.75.
Rounding up the top five gainers at the NSE on Wednesday was KCB Group, who on the day they announced a full year profit of Ksh24 billion, marked a 2.01% rise to end the day at Ksh43.05.
Olympia Capital Holdings, who had placed as the highest gainer on March 5, slipped down to rank on the top five of the biggest losers yesterday.
NSE Decliners
At a 5.68% decline, Olympia finished the day at a share price of Ksh2.49. The firm ranked fifth in terms of the highest decliners at the bourse.
Top of the pile in the highest decliners tab was East African Cables, scaling down 9.03% to end the day at a share price of Ksh2.82.
Unga Group slipped 7.89% to close at Ksh35, while Carbacid Investments ended the day at Ksh9.20, a 7.44% decrease.
Fourth on the list was Home Afrika, who lost 6.67% to settle at Ksh0.56.
Top Volume movers at the NSE
In terms of volumes traded at the NSE, the day’s highest movers were BAT Kenya, who transacted 5.8 million deals at a share price of Ksh604.
Safaricom moved 5.4 million shares at a share price of Ksh26.60 to come in second.
Barclays Bank also breached the five million mark, moving 5.04 million shares at a share price of Ksh11.75.
Another bank, KCB Group, registered the fourth highest volumes, moving 833,600 shares at Ksh43.05.
EA Breweries came in fifth, moving at Ksh203.50 a stock of 537,900 shares.
See Also:At KQ, foreign managers get million-shilling salaries

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Mkikuyu- Akili timamu said:
What did you expect? If you have KQ shares right now when they are pushing to illegaly grab Multibillion JKIA you would ofcourse hike the price of your shares
Click to expand...
Issue iko clear kabisa, halafu hili zoezi lita ingiza Kenya kwenye vitabu vya record. A loss making private company taking over a profit making public entity!

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Yosef Festo said:
KQ flies at the NSE despite strike at JKIA
by Mike Njoroge — March 7, 2019
Kenya Airways registers second highest gain at the NSE on day of strike at JKIA
Market activity of Kenya Airways (KQ) resisted the aviation worker’s strike as the national carrier jumped 5.99% to end March 6 at a share price of Ksh6.02.
The airline, who on Wednesday came under pressure from the Kenya Aviation Workers Union (KAWU) as relates a merger with the Kenya Airports Authority, was the second highest gainer at the Nairobi Securities Exchange (NSE) trading floor yesterday.
Topping KQ was EA Portland Cement, who jumped 10% on Wednesday to end the day at Ksh18.70.
Following the cement manufacturer and the national carrier were East African Breweries, up 3.96% to Ksh 203.50, and Barclays Bank Kenya who posted a 3.07% gain with a closing share price of Ksh11.75.
Rounding up the top five gainers at the NSE on Wednesday was KCB Group, who on the day they announced a full year profit of Ksh24 billion, marked a 2.01% rise to end the day at Ksh43.05.
Olympia Capital Holdings, who had placed as the highest gainer on March 5, slipped down to rank on the top five of the biggest losers yesterday.
NSE Decliners
At a 5.68% decline, Olympia finished the day at a share price of Ksh2.49. The firm ranked fifth in terms of the highest decliners at the bourse.
Top of the pile in the highest decliners tab was East African Cables, scaling down 9.03% to end the day at a share price of Ksh2.82.
Unga Group slipped 7.89% to close at Ksh35, while Carbacid Investments ended the day at Ksh9.20, a 7.44% decrease.
Fourth on the list was Home Afrika, who lost 6.67% to settle at Ksh0.56.
Top Volume movers at the NSE
In terms of volumes traded at the NSE, the day’s highest movers were BAT Kenya, who transacted 5.8 million deals at a share price of Ksh604.
Safaricom moved 5.4 million shares at a share price of Ksh26.60 to come in second.
Barclays Bank also breached the five million mark, moving 5.04 million shares at a share price of Ksh11.75.
Another bank, KCB Group, registered the fourth highest volumes, moving 833,600 shares at Ksh43.05.
EA Breweries came in fifth, moving at Ksh203.50 a stock of 537,900 shares.
See Also:At KQ, foreign managers get million-shilling salaries

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Click to expand...
Kuna story nimeisoma East African juzi inasema KQ imepata loss ya 300 million this quarter.
 
REDEEMER. said:
Ewaaaaa


Kenya Airways Suffers Sh300 Million Loss After Wednesday Workers Strike | Mwakilishi.com

😂😂😂
Click to expand...
REDEEMER. said:
Kuna story nimeisoma East African juzi inasema KQ imepata loss ya 300 million this quarter.
Click to expand...
Ungekua uli clarify ulipoambiwa ulete proof ....
300m in Ksh, not $$$. In USD ni $3million.... Wacha nikueleze hii loss ya $3m inakujaje, KQ generated a revenue of $1.2B Kwa mwaka read the links here
https://www.google.com/search?clien....0i71j35i39j0i30j0i131j0i22i10i30.QFO9vEb71vA

Ukitafuta revenue wanayopata Kwa siku ni 1,200,000,000 ÷ 365 days =
3,287,671 million USD

Hapo ndo hio $3m (Ksh 300m) loss inatokea, KQ ikikosa kufanya kazi Kwa siku moja Tu wanapata loss ya ksh 300m , hii SI hesabu ya first quarter nzima (3 months) hii NI hesabu ya siku moja , usisahau KQ ilianza kupata loss ilipoagiza ndege mpya na mwaka mmoja baadae ikalazimika kukatiza safari za West Africa Kwa kama miezi minne kwasababu ya Ebola, you can only imagine walipata loss ya shilingi ngapi ndani ya hio miezi .. I can bet huyo mwandishi hata hakuuliza KQ loss halisia (actual loss on that day) alipiga hesabu ya average revenue ya siku kama Mimi... Inaieza kua hata hio loss yaikua kubwa Sana kwasababu KQ ili reschedule hizo flights zote ambazo zilikua counseled some 13 hours later . The only loss itakua ni kama walitumia extra cost Ku book hao abiria Kwa hoteli wakingojea usafiri urudi .that can't have been more than $50K - 100K... Kama ingekua flights zilikua counseled na pesa za Ku book zikaregeshewa abiria hapo ndo tungehesabu hio full loss ya 300m.
 
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