STOCKS

Bonds shed Ksh800 million at the NSE

Share
NSE
An analyst at the Nairobi Securities Exchange (NSE). Merican Limited has been admitted to the Ibuka Program.
Share

The bonds market receded by Ksh800 million at the Nairobi Securities Exchange (NSE) on the week opening April 8.

Monday’s NSE market report showed that after having posted a total of Ksh4.3 billion on Friday, the bonds fell to Ksh3.5 billion.

This was bookended by a decline in total deals made at the Fixed Income Securities Market Segment (FISMS). Deals fell from 80 during the previous trading session, to 56 on April 8.

At the equities, turnover ticked upwards to Ksh541 million on a volume of 27 million shares. The previous trading session had seen equity turnover settle at Ksh513 million on 16 million stocks.

Safaricom was a big mover, transacting 15.7 million stocks. The giant telco’s activity amounted to Ksh440 million and accounted for more than 80% of the day’s traded value.

Shares of Kenya’s biggest mobile operator by subscription base traded at between Ksh27.65 and Ksh28.

NSE Indices

All indices finished in the red zone on Monday, dropping as against the previous trading session.

  • The NSE 20 share Index was down 2.21 points to stand at 2844.64.
  • All Share Index (NASI) shed 0.28 points to settle at 159.24.
  • The NSE 25 Share index lost 7.46 points to settle at 3981.42.

Gainers and Decliners

The day’s biggest gainers were Eveready East Africa, Kenya Airways, Olimpia Capital Holdings, Scangroup and Carbacid Investments.

[Read: Police reforms IG Mutyambai will implement]

On the decliners tab was CIC Insurance, Mumias Sugar, Crown Paints, Nairobi Business Ventures and Uchumi Supermarkets.

Joining Safaricom on the day’s biggest movers by volume of stocks were Kengen (7.9 million), Barclays Bank (1.1 million), Home Afrika (418,400) and Mumias Sugar (363,300).

Sectors Wrap

The Banking Sector had shares worth Ksh37 million transacted which accounted for 6.85% of the day’s traded value.

Barclays Bank moved 1.1 million shares valued at Ksh14 million at between Ksh11.95 and Ksh12.50.

Equity Group Holdings closed 1.62% lower to Ksh42.55, moving 152,000 shares valued at Ksh6.4 million.

KCB Group moved 116,000 shares worth Ksh5.2 million and closed at Ksh44.75.

The Commercial & Services Sector had shares worth Ksh3.6 million traded and accounted for 0.67% of the day’s turnover.

Nation Media Group exchanged 45,000 shares valued at Ksh2.8 million at between Ksh61.50 and Ksh62.50.

[Read: Shake-up at Uhuru media as former NMG editor takes over]

In the Energy & Petroleum Sector, shares worth Ksh46.9 million traded and accounted for 8.67% of the day’s turnover.

KenGen actively moved 7.9 million shares valued at Ksh45.5 million at between Ksh5.70 and Ksh5.98.

The Investment Sector had shares worth Ksh1.6 million traded and accounted for 0.30% of the day’s turnover.

Centum was down five cents to Ksh31.60, moving 44,000 shares valued at Ksh1.4 million.

The Manufacturing & Allied Sector had shares worth Ksh8.1 million traded and accounted for 1.51% of the day’s turnover.

E.A Breweries moved 38,000 shares worth Ksh7.9 million at a fairly stable price of Ksh208.

[See Also: Kenyans celebrate Anne Mvurya’s election as first UoN female chair]

Written by
Mike Njoroge

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]

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Shehryar Ali, senior vice president and country manager for East Africa and Indian Ocean Islands at Mastercard (left), and Saad Latif, Director of Commercial Operations at Flowcart, sign a strategic collaboration agreement to enable secure, seamless card payments within social and conversational commerce journeys across East Africa.
BUSINESS

Mastercard and Flowcart Partner to Power Secure Card Payments in East Africa

 Mastercard has entered a strategic collaboration with Flowcart to embed secure, seamless...

FirstRand
BUSINESS

FirstRand Seeks to Acquire a Bank in Kenya

FirstRand, a major player in South Africa’s banking business is seeking to...

NSE is in the red
FEATURED ARTICLE

NSE: Navigating the Current Market Cycle

The current correction at the Nairobi Securities Exchange(NSE) is not simply about...

1. Family Group Foundation Chair Dr. Francis Muraya and Kenya Forest Service Chief Conservator of Forests Alex Lemarkoko sign a partnership aimed at advancing Ngong Hills restoration through a one-million tree seedlings nursery project.
BUSINESS

Family Group partners with Kenya Forest Service in Tree Seedlings Nursery Project

The Family Group Foundation has partnered with the Kenya Forest Service (KFS)...