Banks continue strong performance at NSE

The banking sector continues to post steady numbers at the Nairobi Securities Exchange (NSE), with shares worth Ksh173 million transacted on April 17.

Having recently endured a resurgence buoyed by the temporary suspension of the interest rate cap, banks registered a total of 63.37% of the day’s total turnover at closing bell.

Diamond Trust Bank moved 993,000 shares valued at Ksh124 million at between Ksh123 and Ksh125. KCB Group on the other hand was up five cents to Ksh44.95 and moved 687,000 shares valued at Ksh30.9 million.

Stanbic Holdings recorded a 5.47% gain to Ksh101.25 with shares valued at Ksh7.9 million transacted.

The trading floor had seen 5.5 million stocks make moves, leading to a total equity turnover of Ksh273 million. A day earlier, the bourse had seen 11 million shares amount to a total of Ksh290 million.

Turnover decline was however backended by gains in the indices counter, with all tabs blinking green by the end of trading.

• The NSE 20 share Index added 5.66 points to stand at 2894.85.
• All Share Index NASI picked up 1.16 points to settle at 158.78.
• The NSE 25 Share index was up 23.38 points to stand at 3975.04.

The Bond market meanwhile had bonds worth Ksh4.4 billion transacted.

In other sectors;

-The Insurance sector had shares worth 15.6 million traded and accounted for 5.72% of the day’s traded
value.

-The Manufacturing and Allied sector had shares worth 19.5 million traded and accounted for 7.13% of the
day’s traded value.

-In Telecommunication
Safaricom had 2.2 million shares valued at Ksh61.6 million transacted at between Ksh27.60 and Ksh28.00;
this represented 22.50% of the day’s traded value.

[See Also: Banks push NSE weekly trading to Sh3.4 billion]