STOCKS

NSE bounces back as foreigners troop back

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The food processor's share price dropped by Ksh 68 in two days of trading.
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Turnover at the NSE rose to Ksh1.3bn from the previous session’s Ksh254M, as the stock market bounced back from three days of depressed trading as foreign investors returned to the market. The number of shares traded stood at 35M against 8.8M posted yesterday.

The NSE 20 share Index added 7.86 points to stand at 3727.33. All Share Index (NASI) was up 1.53 points to stand at 181.74, while the NSE 25 Share index gained 22.98 points to stand at 4530.28.

The Banking Sector had shares worth Ksh801M transacted which accounted for 60.73% of the day’s traded value. Equity Group Holdings was the day’s biggest mover with 10.5M shares valued at Ksh456M changing hands at between Ksh43.00 and Ksh43.25. KCB Group up twenty-five cents to Ksh45.75 moved 6.3M shares valued at Ksh288M. Diamond Trust Bank moved 102,000 shares worth Ksh21M and closed at Ksh210.00.

The Commercial & Services Sector had shares worth Ksh51M traded and accounted for 3.89% of the day’s turnover. Nation Media Group moved 449,000 shares valued at Ksh47M at between Ksh103.00 and Ksh107.00.

The Energy & Petroleum Sector had shares worth Ksh49.8M transacted which represented 3.77% of the day’s traded value. KenolKobil was the most traded counter in this sector with 2.4M shares valued at Ksh37.9M changing hands at between Ksh15.20 and Ksh15.50. KenGen up 1.82% to Ksh8.35 moved 670,000 shares valued at Ksh5.6M.

READ: Why the richest people are flocking to Kenya
SEE ALSO: Six ways to make money from falling stocks

The Insurance Sector had shares worth Kes.17M traded & accounted for 1.30% of the day’s turnover. Jubilee Holdings traded 21,000 shares valued at Ksh10.7M at between Ksh500.00 and Ksh505.00.

The Manufacturing & Allied Sector had shares worth Kesh131M transacted which represented 9.95% of the day’s traded value. E.A Breweries closed 0.81% lower to Ksh245.00 moving 435,000 shares valued at Ksh106.6M. Unga Group shares slipped by 1.16% to Kes.42.50 with shares worth Kes.23M transacted.

Safaricom had 8.7M shares valued at Ksh262M transacted at between Ksh29.25 and Ksh30.50. This represented 19.86% of the day’s traded value.

READ ALSO: All Kenyans to start paying for water

Written by
BT Reporter

editor [at] businesstoday.co.ke

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