Equity Group stock tumbles as KCB tops NSE turnover

Equity Group stock dropped by 4.22% as trading at the Nairobi Securities Exchange resumed on April 29.

At a share price of Ksh39.75, the day’s trading saw the approximate worth of Equity fall but maintain around Ksh150 billion.

The lender was among the top three decliners at the bourse on Monday, with Uchumi Supermarkets and Standard Chartered Bank also plunging.

Uchumi, which has recently been enduring a series of lows, plummeted to a share price of Ksh0.38

Standard Chartered dropped by 5.29% to end the day at Ksh201.25.

On the gainers tab, investments firm Trans-Century Limited was the day’s highest rise, ticking upwards 8.79% to Ksh3.34.

Bamburi Cement and East African Cables — of which Trans-Century Limited are the major shareholder — jumped 7.42% and 7%, to end at Ksh126.75 and Ksh2.60 respectively.

The day’s biggest movers at the NSE were Kenya Commercial Bank who moved 3.8 million shares valued at Ksh175 million.

Giant telco Safaricom moved 3.2 million shares valued at Ksh91 million that were transacted at between stock prices of  Ksh27.85 and Ksh28.50.

The telco’s trading was not affected by the reports of the expected exit of chief executive Bob Collymore, with the bourse having closed by the time international news organisation Reuters revealed the news.

NSE Summary

Turnover – Ksh417 million (up from Ksh376 million)

Total volume of shares – 11.8 million (up from 9.9 million)

Indices

NSE 20 Share Index – 2829.88 (up 12.57 points)

All Share Index – 157.77 (down 0.42 points)

NSE 25 Share – 3920.77 (down 22.96 points)

Sectors

Banking – Ksh261 million (62.47% of day’s traded value)

Manufacturing & Allied Sector – Kes.54 million (13%)

Commercial and Services – Ksh3.8 million (0.92%)

Telecommunication – Ksh91 million (21.90%)

Bonds

Ksh4.2 billion

Market Capitalisation

Ksh2.360 trillion (down from Ksh2.366 trillion)