The rise and the fall

The rise

Crown Berger Limited

Crown Berger Ltd was the week’s top gainer after edging upwards by 18.6 per cent during the period under review.

The company’s share price was up to Sh51.00 from the previous week’s close of Sh43.00. The stock emerged best performer due to local investor’s confidence towards the company, as a result of the continued expansion with a recent Sh400 million plant opening in Kisumu. Year-to-date, its share price has shed 16.40 per cent of its value.

The fall

Nairobi Business Venture Ltd

Nairobi Business Venture Limited was last week’s top losing stock following a 10.0 per cent slide in its share price over the course of the week’s trading. Nairobi Business Venture Ltd’s shares ended the week at a price of Sh7.20 from their previous closing price of Sh8.00. The stock retreated during the week due to local investors selling moving only 100 shares.

 

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