Small caps stir the market with huge capital gains in 2014

Unga saw an increase in corporate activity in the past 12 months. PHOTO | FILE

Previously quiet small and medium cap stocks stirred up the market in 2014 as investors widened their scope in pursuit of capital gains with the general market performance shrinking in comparison to 2013.

Counters such as Eaagads, Unga Group, Kenya Orchards, Kakuzi, Limuru Tea, Car & General, Express Kenya and Umeme returned annual price gains of above 50 per cent in 2014, overhauling the NSE All Share Index which grew 19.2 per cent.

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Note: The results are not exact but very close to the actual.