Equity Group was the top mover at the Nairobi Securities Exchange (NSE) as the market took Mashuja Day break, trading a volume of 2.97 million shares. With a market capitalization of Ksh2.97 million, Equity Group share price closed at Ksh34.55 from the previous Ksh34.95, a drop of 1.14%.
It recorded a turnover of Ksh102.78 million in 105 deals that were dominated by foreign investors at 61.0%.
Analysts say equity was the main attraction after it inked a deal with Kenya Private Schools Association (KPSA), which expected to grow its lending business.
The partnership will see KPSA members enjoy affordable financing for project development, working capital financing and moveable asset-financing cushioning them from the adverse economic effects of COVID-19.
Through this deal, KPSA members will access development and mortgage financing solutions of up to Ksh200 million and unsecured facilities of up to Ksh 3 million. As schools re-open, the lender is offering integrated financial services to those in the education sector, a move that has propped the Equity Group share price.
When trading closed at the NSE on Monday, Safaricom was the second most traded counter with 2.05 million shares changing. Its share price oscillated between Ksh34.00 and Ksh35.50. This counter had 126 deals that resulted in a volume of 2.05 million and a turnover of Ksh 61.7 million with 87.8% participation by foreign investors.
Other movers at the NSE on Monday were Centum (176,300), KCB(138,300) and KenGen(133,800).
The Banking Sector had shares worth Ksh110 million transacted which accounted for 61.71% of the day’s traded value. KCB Group moved 138,000 shares valued at Ksh5 million and closed at Ksh.37.00. Co-operative Bank moved 113,000 shares worth Ksh1.3Million at a price of Ksh11.85.
The NSE 20 share Index was up 1.29 points to stand at 1812.42. All Share Index NASI picked up 0.05 points to settle at 139.70. The NSE 25 Share Index was down 2.59 points to stand at 3210.31.
The Energy & Petroleum sector had shares worth Ksh974,000 transacted & accounted for 0.54% of the day’s traded value. KenGen traded 133,000 shares valued at Ksh700,000 at between Ksh5.06 and Ksh 5.40.
The Investment Sector had shares worth Ksh3.3Million transacted & accounted for 1.85% of the day’s traded value.
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The top gainers at the bourse were led by Stanbic which gained 9.09% to rise from Ksh77.00 to Ksh84.00. It was followed by Umeme, which climbed 8.02% from Ksh6.48 to Ksh7.00. Uchumi shares was also a top gainer at 7.14% from Ksh 0.28 to Ksh 0.30 while TPS Serena rose 6.67% from Ksh 15.00 to Ksh 16.00, HF Group closed the top 5 gainers from Ksh 3.63 to KSh 3.86, a rise of 6.34%.
The worst performing stocks were led by Olympia Capital which fell 4.67% followed by Carbacid(4.33%), Total(4.0%), Sameer Africa(2.57% and Home Afrika (2.50%).
Derivatives silent
The benchmark NSE All Share Index (NASI) gained 0.05 to close at 139.70. The NSE 20 Share Index gained 1.29 points to close at 1812.42.However, the NSE 25 Share Index declined 2.59 points to close at 3210.31.
There were no contracts concluded during Monday’s trading session on the derivatives market of the NSE. The bonds market had bonds worth Ksh3.67 Billion transacted in 32 deals against Ksh2.31 Billion worth of bonds transacted on Friday.
