EABL, BAT Kenya rally as NSE opens 33% higher

Market activity of EABL boosted trading at the Nairobi Securities Exchange (NSE) which ticked upwards 33%.

The beverage maker moved 482,000 shares valued at Ksh96 million.

EABL’s trading dominated the Manufacturing & Allied Sector, which ended the day splitting the regular top sectors; the telco sector and banks.

With shares worth Ksh101 million transacted, this represented 37.15% of the day’s total traded value.

EABL’s activity valued at Ksh96 million along with BAT Kenya (Ksh4.4 million) mean that out of the nine firms in the Manufactured and Allied sector, two contributed Ksh100 million of the day’s traded value.

The bourse had opened the week starting June 24 with a total of 9 million shares valued at Ksh273 million. During the previous session, the NSE had transacted 4.8 million shares valued at Ksh204 million.

Investor wealth at the bourse also inched upwards to Ksh2.249 trillion.

NSE Winners and Losers

Kakuzi Tea ended the day as the highest mover, its share price jumping 10% to Ksh341.

Trans Century at a bump of 9.79% closed at Ksh4.15, while rounding up the top three was Olympia Capital, rising 7.84% to Ksh2.20.

On the decliners tab, Sanlam Kenya fell 8.69% to Ksh20.50, while Uchumi (-8.06%) and Standard Group Limited (-7.41%) settled at Ksh0.57 and Ksh26.85 respectively.

NSE Sectors

The indices performed as such;

• All Share Index (NASI) was up 0.34 points to settle at 147.69
• The NSE 20 share Index was down 8.06 points to stand at 2639.22
• The NSE 25 Share index added 6.60 points to stand at 3566.14

As for the sectors, the telecommunication sector dominated with Safaricom transacting 4 million shares valued at Ksh110 million.

The Manufactured and Allied Sector sandwiched Safaricom and the Banking Sector, with the lenders transacting shares worth Ksh51.5 million.

The Insurance Sector had shares worth Ksh4 million traded and accounted for 1.50% of the day’s turnover while the Investment Sector had shares worth Ksh1.3 million transacted which represented 0.49% of the day’s traded value.

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