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Banks roar at NSE as investors cling on Safaricom shares

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An analyst at the Nairobi Securities Exchange (NSE). Listed investments firm TransCentury has announced plans to delist from the NSE.
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Banks dominated the floor of the Nairobi Securities Exchange (NSE) on Wednesday with banks accounting for 78% of the day’s traded value as the market turnover retreated to Ksh559 million down from the Ksh626 million posted on Tuesday.

The total number of shares traded stood at 16.8 million against the 16.6 million posted on Tuesday.

Safaricom, a serial top mover at the bourse had 2.98 million shares valued at Ksh82 million transacted at between Ksh27.20 and Ksh27.75 representing 14.67% of the day’s traded value.

Indices

The NSE 20 share Index was up 6.52 points to stand at 2670.91.
All Share Index NASI picked up 1.43 to stand at 148.86.
The NSE 25 Share index added 26.22 points to settle at 3607.35.

Banking
Equity Group Holdings was the day’s main feature with 10 million shares valued at Ksh422M changing hands at between Ksh40.00 and Ksh41.00.

KCB Group down twenty-five shares to Ksh39.50 moved 190,000 shares valued at Ksh7.5 million.

Commercial & Services
The Commercial & Services sector had shares worth 7.4 million traded & accounted for 1.34% of the day’s traded value.

Nation Media Group (NMG) recorded a 3.68% loss to close the day at Ksh47.15 with shares worth Ksh3.5 million transacted.

{Read: Booming business as more Kenyans take to coffee drinking}

Energy & Petroleum
The Energy & Petroleum sector had shares worth 5 million traded & accounted for 0.89% of the day’s traded value.

KenGen moved 748,000 shares valued at Ksh4.4 million at between Ksh5.98 and Ksh6.10.

Manufacturing & Allied
The manufacturing and Allied sector had shares worth 19 million traded & accounted for 3.47% of the day’s traded value.

{See also: How Kenya’s internet subscribers ballooned 173%}

East African Breweries Limited (EABL) closed the day 1.40% higher to Ksh199.75 moving 95,000 shares valued at Ksh19 million.

Bonds
The bond market had bonds worth Ksh3.5 billion transacted..

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