Listed banks no match for NSE top mover, Safaricom

The attractiveness of the Safaricom stock continues to manifest itself on the floor of the Nairobi Securities Exchange (NSE) with Kenya’s largest telco by market share moving 37 million shares valued at Ksh1 billion this week representing 37.67% of the total traded value.

Week on week turnover also ticked down to Ksh2.7 billion on 78.7 million shares against 103 million shares valued at Ksh3 billion transacted the previous week.

The banking sector was busy with shares worth Ksh1.3 billion transacted accounting for 48.36% of the week’s traded value.

Equity Group Holdings actively moved 22 million shares valued at Ksh950.7 million at between Ksh41.50 and Ksh43.95. KCB Group adjusted up 1.70% to Ksh44.80 and moved 6.8 million shares valued at Ksh305 million.

Barclays Bank moved 1.9 million shares valued at Ksh22.7 million and closed the week at Ksh11.95.

The bond market had bonds worth Ksh16 billion transacted compared to Ksh17 billion registered the previous week.

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Energy & Petroleum Sector

The sector had shares worth Ksh10.9 million transacted which accounted for 0.40% of the week’s traded value.

KenGen exchanged 1 million shares valued at Ksh5.8 million during the week at between Ksh5.50 and Ksh5.96. Kenya Power & Lighting (KP) down 3.11% to Ksh4.05 moved 886,000 shares valued at Ksh3.5 million.

Insurance Sector

The sector had shares worth Ksh9.7 million transacted which accounted for 0.35% of the week’s traded value.

Jubilee Holdings moved 10,000 shares valued at Ksh4.4 million and closed the week at Ksh407.00.

Investment Sector

The sector had shares worth Ksh19 million transacted which accounted for 0.69% of the week’s traded value.

Centum Investments closed the week 1.09% lower to Ksh31.65 moved 568,000 shares valued at Ksh18 million.

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Manufacturing & Allied Sector

The sector had shares worth Ksh337 million transacted which represented 12.15% of the week’s traded value.

East African Breweries Limited (EABL) saw 1.5 million shares valued at Ksh329 million changing hands at between Ksh206.00 and Ksh212.00.