Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Quote:Loss-making tyre distributor Sameer Africa emerged as the best stock in 2019 at the Nairobi Securities Exchange (NSE) with Kenya Airways ranked as the worst in a year when the bourse is in line to make a 16.6 percent return.
Sameer Africa’s share has gained 81 percent since the start of the year and closed trading at Sh3.35 Thursday, meaning an investor who invested Sh1 million in the stock on January 2 has gained Sh810, 000.
In contrast, investors who bought Kenya Airways shares worth Sh1 million, suffered a loss of Sh773,000 given the share has shed 77.3 percent since the start of the year to stand at Sh2.02 at close of trading Thursday.
This analysis is based on investors who buy shares at the start of the year and measures their return at the end of the trading season in a review that does not capture speculators who enter and exit stocks in short periods.
Sameer, whose a half-year losses widened to Sh182.8 million, offered better returns than Safaricom and top banks like Equity and KCB—which have recently emerged ass the jewel stocks for investors seeking returns. Source Link: https://www.businessdail...392322-51wwnc/index.html
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