Banks, Safaricom lift investors wealth to Sh2.32 trillion

Market capitalisation — the measure of investors wealth at the Nairobi Securities Exchange (NSE) — jumped by Ksh14 billion on the week opening February 4 to post Ksh2.32 trillion.

The rise in investor wealth at the NSE came on the back of performances from the banking and telecommunication sectors, both of which contributed heavily to the day’s trading.

Safaricom, the only listed company in the telco sector, actively moved 10.6 million shares valued at Ksh276 million.

The giant telco’s activity at the bourse traded at between Ksh25.50 and Ksh26.25 and represented 45.88% of the day’s traded value.

In the banking sector, shares worth Ksh305 million exchanged hands, accounting for 50.7% of the
day’s traded value.

KCB Group was busy with 3.9 million shares valued at Ksh161 million changing hands, while Equity Group was up 15cents to Ksh41.05 and moved 2.5 million shares valued at Ksh102 million.

READ : M-PESA EDGES SAFARICOM AS STRONGEST BRAND IN EAST AFRICA

The bourse however registered a decline in turnover on February 4, posting Ksh602 million as against Ksh769 million registered last Friday.

Day two of trading in February 2019 also saw a drop in the volume of shares at the NSE, with 19 million shares exchanging hands as against 26 million shares transacted on February 1.

At the indices counter, a mixed performance saw the NSE 20 Share Index drop while the All Share Index (NASI) and the NSE 25 Share Index gained from the previous session.

• NSE 20 share Index was down 9.94 points to stand at 2972.79.
• NASI edged up 0.97 points to settle at 155.49.
• NSE 25 Share index picked up 4.16 points to settle at 3933.45.

The Bond market had bonds worth Ksh1.6 billion transacted.

Activity in other sectors at the NSE saw the Energy & Petroleum Sector trade shares worth Ksh2.1 million, the Investment Sector move shares worth Ksh2.2 million while the Manufacturing & Allied Sector transacted shares worth Ksh12.8 million.

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