NSE

NSE Turnover Drops Marginally to Kes 407 Million on Thursday.

Trading at the Nairobi Securities Exchange (NSE) on Thursday saw a marginal decline in turnover to Kes 407 million compared to Wednesday’s Kes 475 million representing a 14% decline. This was mainly attributed to a decline in Safaricom activity with 3.78 million shares traded compared to Wednesday’s 8.9 million shares traded

The banking sector had shares worth Kes 269 million traded accounting for 66% of the day’s activity. Equity Group was the top mover of the day trading 4.69 million shares to close the day at Kes. 44.50 per share. The counter realized a turnover of Kes. 208.52 million. Other top movers of the day include Safaricom(3.78M), KCB(1.25M), and KPLC(1.09M). Safaricom closed the day at Kes. 28.55 realizing a 1.42% share price appreciation from Wednesday’s close. The Telecommunication giant closed the day at a market cap of Kes 1.14 Trillion.

Stanbic Holdings led the gainers on the NSE with a 9.76% share price appreciation closing at Kes 104 per share. Standard Group PLC saw a 9.32% share price appreciation trading at an average of Kes. 12.90 per share. Other top gainers include East African Cables(8.57%) and Trans-Century(8.18%)

Top loser of the day was Olympia Capital with a 9.06% share price depreciation. Other losers of the day include: Eveready(5.06%), HF Group(4.48%), and Britam(3.34%). Britam closed trading at Kes 5.78 per share.

The NSE All Share index gained 1.24 points to close at 135.07 while the NSE 25 Share Index gained 22.39 points to close at 3119.82.

Bonds & Derrivatives Brief on NSE.

The Derivatives market had a total of 22 contracts traded valued at Kes 266,000. The Bond market had bonds worth Kes 2.79 billion traded compared to Kes 2.99 billion transacted on Wednesday.