The Rise and the Fall

The rise

Kenya Airways Ltd

Kenya Airways Ltd was the week’s top gainer for the second consecutive week after edging upwards by 16.8 per cent during the period under review. The share price was up to Sh6.60 from the previous week’s close of Sh5.65. The airline reported an improved loss per share of Sh3.20 from a loss per share of Sh7.99 under the same period last year. Year-to-date, its share price has gained by 34.7 per cent.

The fall

Deacons East Africa

Deacons (East Africa) Plc was this week’s top laggard after declining by 13.5 per cent over the course of the week’s trading. The shares closed at a price of Sh5.45 from their previous closing price of Sh6.30. The share edged downwards on local investor selling. Year-to-date, its share price has shed 63.7 per cent.

 

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