Kenya Power lights up NSE with 4.5 million stocks

Kenya Power and Lighting moved the second highest volumes of stocks at the Nairobi Securities Exchange (NSE) when trading closed at the bourse on February 18.

With 4.5 million shares transacted and closing the day at a share price of Ksh5.20, Kenya Power surged ahead of Equity Group (Ksh42.20), KCB Group (Ksh42.80) and East African Breweries (Ksh205) on the top voluminous ranked stocks traded at the NSE.

Safaricom pulled way ahead of the rest, at 10.5 million shares on the opening day of the week at the bourse.

The giant telco’s shares were valued at Ksh276 million which was nearly half of the day’s traded value. Its share price ended the day at Ksh26.05.

The volumes also pushed the week’s opening day to register 21 million shares as against the 9.4 million shares that were posted on Friday.

Increase did not however lead to increase in value, as the worth of stocks at the NSE on Monday stood at Ksh569 million, down from the Ksh597 million posted on Friday.

The days biggest gainers were BOC Kenya (Ksh81.25), who jumped up 8.7%, followed by Bamburi Cement (Ksh140) and Car & General Kenya (Ksh26.45).

Decliners from last week’s trading were Trans-Century (Ksh3.15) and Uchumi Supermarkets (Ksh0.70), both of whom declined by more than 4%.

The All Share Index shed 0.66 points to settle at 156.63, while the NSE 20 Share Index gained 1.94 points to stand at 3047.35. The NSE 25 Share Index settled at 3969.90, losing 33.28 points.

The Banking Sector had shares worth Ksh215 million while the Commercial & Services Sector had shares worth Ksh2 million traded.

Energy & Petroleum Sector moved shares worth Ksh24 million, Investment Sector had shares worth Ksh1.4 million while the Manufacturing & Allied Sector traded shares worth Ksh47.5 million.

In the Fixed Income Securities Market Segment (FISMS), the Bond Market had bonds worth Ksh1.7 billion transacted.

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