Activity at the Nairobi Securities Exchange lost momentum on Thursday with the number of shares traded dropping from Wednesday’s 20 million to 15.2 million. Despite this dip, which could be attributed to the political tension in the country after the swearing in of Raila Odinga as the people’s president, the closely watched NSE 20 share index gained 15.22 points to close at 3752.48.
Giant Telco Safaricom sustained its command on the share market, standing out as the day’s biggest mover with 6 million shares valued at Ksh183M trading at between Sh29.50 and Sh30.00. This represented 36.88% of the Thursday’s trade value.
In banking, Equity Bank moved 1.1 Million shares valued at Ksh48 Million, while the Barclays group share traded at Sh175. The banking sector accounted for a significant 21.24 per cent of the day’s equity trading.
Centum investment group’s share value skidded 0.54% percent to sell at Ksh45.75 moving 112,000 shares worth Sh5 Million. KenolKobil stood unchanged at Ksh14.80 moving 266,000 as the energy and petroleum sector traded shares worth Ksh11.7 million representing only 2.37 per cent of the day’s traded value.
In the construction affiliated counters, shares worth Ksh32.7 million were transacted, representing at 6.5 percent of the day’s trade value. Bamburi Cement gained by 1.15 percent to sell at Ksh175.00 moving 179,000 shares worth Ksh31 million.
The bond market witnessed boom with bonds worth Ksh3.9 billion being transacted up from Ksh2 billion the previous day.
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