SKL’s stock continues to attract investor interest, climbing from its Thursday debut opening price of KSH 5.90 to KSH 6.26, an increase of KSH 0.36, representing a 6.10% gain in just under a week.
As of today, 575,000 shares have traded, generating a turnover of KSH 157,882, and pushing the company’s market valuation to KSH 316 million.
Breaking Down SKL’s Momentum
Trading in SKL has been brisk since its NSE debut, with early buyers showing strong conviction. The current price uptick suggests bullish sentiment, likely driven by:
- Scarcity effect: Limited supply in early days may be creating upward pressure.
- Speculative demand: Retail and institutional investors positioning early.
The price appreciation suggests early optimism, but with limited historical data, it’s too soon to gauge long-term sustainability.
Understanding T+3 Settlement
Kenya’s equity market operates under a T+3 settlement system – Trade day + 3 business days.
If you bought SKL shares on Monday, today (Wednesday) is the first day you can legally sell them. This 3-day window allows time for administrative processing; confirming payment, transferring ownership, and updating the central depository records.
SKL outlook
With Monday’s buyers now unlocked to trade, short-term profit booking could introduce volatility. At the same time, strong price momentum might attract fresh capital chasing trend confirmation.
Investors should watch for volume consistency and price stability beyond the initial hype and consider whether current valuations align with the company’s strategic potential.
