Traders at the Nairobi Securities Exchange. PHOTO | FILE
The agriculture stocks of Limuru Tea and Kapchorua Tea were the biggest losers in the stock market last week as small-cap counters ceded some of the gains made in the previous weeks.
Limuru lost over Sh200 as Kapchorua shed 18.8 per cent or Sh38 last week to close at Sh164. Limuru was down 18.6 per cent (Sh202) to close the week at Sh883. Kakuzi was down 6.5 per cent during the week at Sh300.
Other small stocks registering declines included Express Kenya at 17.3 per cent closing at Sh4, TransCentury at 13.8 per cent to Sh7.50 and Longhorn at 13.2 per cent to Sh4.
The agriculture stocks were the standout performers in the market last year. Kapchorua also got a boost as investors sought its shares for a 1:1 bonus.
Analysts pin the decline to price correction.
Meanwhile all three indices closed in the black, albeit with minimal gains. The NSE 20 Share Index was up 0.7 per cent or 25 points to 3,773 while the All Share Index was up 0.25 per cent to close at 136.81. The NSE 25 Share Index was up 0.7 per cent to 3,939 points.
Market turnover for the week was Sh3.95 billion.
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