NSE PLC

Trading at the Nairobi Securities Exchange (NSE) inched upwards this week to Ksh2.8 billion by closing bell on September 20.

Market activity during the previous week had posted Ksh1.7 billion. Volumes at the bourse bumped from 74 million shares traded to 94 million shares transacted this week.

The Bond market meanwhile declined to Ksh7.8 billion compared to Ksh8.1 billion posted last week.

Weekly turnover was boosted by the performance of the banking sector, as well as the manufacturing sector, which combined contributed Ksh2.2 billion of the week’s total turnover.

According to data from the NSE, banks had shares worth Ksh1.5 billion transacted which accounted for 54.35% of the week’s traded value. Among the banks that were heavy movers included KCB Group, Equity Group and Barclays.

KCB had 16 million shares valued at Ksh654 million changing hands, while Equity moved 11.2 million shares worth Ksh428 million. Barclays Bank, over the course of the week, up 1.40% to Kes.10.90
moved 15M shares valued at Ksh167 million.

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In the manufacturing and allied sector, shares worth Ksh757 million were transacted representing
26.69% of the week’s traded value.

BAT Kenya moved 921,000 shares valued at Ksh446 million with EABL moved 1.5 million shares worth Ksh303 million.

In other sectors, Safaricom, which is the sole company in the telecommunications sector, moved 16 million shares. The giant telco’s activity was valued at Ksh438 million and represented 15.47% of the week’s traded value.

The energy and petroleum sector had shares worth Ksh49.6 million transacted which accounted for
1.75% of the week’s traded value. KenGen was the most traded counter in this sector during the
week with 7.1 million shares valued at Ksh39.8 million changing hands.

Friday’s NSE Performance

Market activity on September 20 saw turnover retreat to Ksh646 million from the previous session’s Ksh1 billion. Friday’s volumes stood at 20.8 million shares, dropping from Thursday’s 38.8 million shares.

The market indicators meanwhile finished in the green zone on Friday as follows;

  • All Share Index (NASI) was up 1.17 points to stand at 144.98.
  • NSE 20 share index added 11.13 points to stand at 2442.50.
  • NSE 25 Share index picked up 30.20 points to settle at 3474.47.

Among the day’s biggest movers as per share price were Unga Group, Bamburi Cement, Olympia Capital Holdings, TPS Eastern Africa and Home Afrika Limited.

Liberty Kenya Holdings, BOC Kenya, East African Cables, Longhorn Publishers and Carbacid Investments posted the biggest declines of the day.

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About the Author

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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