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Banks save falling stocks as NSE turnover rises to Sh273 million

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The trading floor at the Nairobi Securities Exchange (NSE) closed March 5 with the banking sector transacting more than half of the day’s traded value.

At 54.99%, the sector registered shares worth Ksh179 million. The day’s total turnover stood at Ksh325 million, rising from the previous session’s Ksh273 million.

Stocks at the bourse however fell from 28 million to 11 million on Tuesday.

The Bond had bonds worth Ksh2.4 billion transacted.

The indices bar performed as such;

  • The NSE 20 share Index was down 5.31 points to stand at 2907.39.
  • All Share Index NASI was up 0.02 points to stand at 153.70.
  • The NSE 25 Share index dropped 2.69 points to stand at 3827.02.

NSE Gainers and Decliners

Moving the most deals at the NSE were Safaricom, who transacted 4.2 million shares and settled at a share price of Ksh26.50.

Equity Group (Ksh40.45) moved 1.9 million shares, while KCB Group (Ksh42.20) transacted 1.4 million deals. Kenya Airways (Ksh5.68) and Co-operative Bank (Ksh14.60) moved 933,500 and 481,500 shares respectively.

The day’s biggest gainers were Olympia Capital Holdings (Ksh2.64) who scaled up 9.54%. Other big gainers were Longhorn Kenya (Ksh6.50) at 6.21% gain, and TPS Eastern Africa (Ksh21) at a 5% improvement.

Trans-Century (Ksh3.25) and KCB Group (Ksh42.20) rounded up the top five gainers.

Despite ranking as one of the top movers in terms of volume, Kenya Airways still managed to rank second on the day’s bigest losers, scaling down 5.65%.

Flame Tree Group (Ksh2,33) topped the decliners list, retreating 5.67%.

Car and General (Ksh23), Diamond Trust Bank (Ksh140) and Sanlam Kenya (Ksh22.30) shed off 5.35%, 5.25% and 5.11% respectively.

See Also: Sanlam Kenya sinks into Sh1.98 billion loss

NSE Sectors Wrap

The Commercial & Services sector had shares worth Ksh6.6 million traded and accounted for 2.04% of the
day’s traded value.

The Construction & Allied sector had shares worth Ksh7.7 million traded, accounting for 2.38% of the
day’s traded value.

In the Insurance sector, shares worth Ksh6 million were traded and accounted for 1.85% of the day’s traded

The Manufacturing and Allied sector moved shares worth Ksh5.67 million, while the Telecommunication sector moved 4.2 million shares valued at Ksh112 million.

See Also : Kenyan companies slowed down in February

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Mike Njoroge
Mike Njorogehttp://www.businesstoday.co.ke
Mike Njoroge is the founder of Daystar Oracle and FootballTriangle. He is passionate about news, religion and sports. He can be reached at: [email protected]
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