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Closing Bell: Kakuzi shares hit Ksh300 as Safaricom recovers

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After closing for Madaraka-day celebrations on Monday, the Nairobi Securities Exchange  opened the week with a total of 18m shares valued at Ksh773m, down from Ksh2bn on 58 million shares posted last Friday.

The NSE 20 Share Index, however, ended 29.92 points higher to stand at 4816.66. All Share Index (NASI) was up 2.12 points to stand at 164.25.

The highlight of the day was in the agriculture sector, where Kakuzi was up 9.9% to Ksh300 with only 1,600 shares traded. The upturn was caused by increased demand for the stock, against limited supply.

Mobile phone firm Safaricom clawed back, gaining 4% to Ksh16.50, for the 2.4M share moved.

In banking, 11M shares were traded, which represented 59.41% of the day’s traded volume. Barclays Bank actively moved 4M shares at between Ksh15.05 and Ksh15.45. Diamond Trust declined to Ksh225.00 on a volume of 204,000 shares, down from Ksh226.00 posted the previous session. Equity Bank moved 3.1M shares and closed the day at Kes.47.75.

The Commercial & Services Sector accounted for 3.60% of the day’s traded volume. ScanGroup was down two shillings to Ksh37.00 moved 632,000 shares. Energy & Petroleum Sector moved 1.6M shares, which accounted for 8.58% of the day’s traded volume. KenolKobil Ltd saw 1.2M shares changing hands at between Ksh7.90 and Ksh8.50. KenGen was unchanged at Ksh9.15 moved 309,000 shares.

Centum Investment was down fifty cents to Ksh60.00 moved 66,000 shares. Home Afrika moved 214,000 shares and closed at Ksh2.95. Manufacturing & Allied Sector moved 1.3M shares, which represented 7.38% of the day’s traded volume. British American Tobacco up 1.7% to Ksh785.00 moved 202,000 shares. Mumias Sugar moved 944,000 shares and closed at a stable price of Ksh2.00.

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