A Darling of Foreign Investors, KCB Sways Trading at NSE

KCB Group emerged the top mover of the day at the Nairobi Securities Exchange (NSE) on Thursday 22^nd October after selling a volume of 4,334,800 shares, pushed up by foreign investors who contributed to 93.6% of all activity on this counter.

The KCB stock sold at Ksh37.25 from the previous Ksh37.10 when trading closed on Wednesday. This is an increase of 0.15 or 0.40%, from 73 deals that resulted in a turnover of Ksh161.46 Million.

Kenya’s largest bank by balance sheet size, KCB Group completed the acquisition of the National Bank of Kenya in September last year. The deal which involved shareholders of NBK swapping their shares for those of KCB has continued to boost the volume of KCB shares at the NSE.

Centum Investments came in second in the top movers’ category after KCB Group, selling a volume of 2.55 million shares with Safaricom third with 1.42 million shares.

Safaricom’s stock sold at Ksh30.65 from the previous Ksh30.25, an increase of 1.32%. The counter recorded a turnover of Ksh43.63 million with foreign investors contributing 63.7% of the 123 deals.

Other top movers at the bourse were KPLC which moved 656,500 and Equity Group which was the 5^th top mover at 412,500. Equity traded at Ksh34.50 down from Ksh34.55, a drop of 0.14%, with a turnover of Ksh14.23 million in 50 deals on a volume of 412,500.

The top price gainer was Flame Tree Group Holdings whose share price increased by 6.06% to Ksh1.40. It was followed by Home Afrika, TransCentury, Safaricom whose stock price rose 1.32% to Ksh30.65, and KPLC growing 1.165% to Ksh1.75.

The worst performing stock was CIC Group whose stock price fell 6.33% to Ksh2.07. It was followed by Carbacid Investments which was down 5.18% to Ksh 8.42. Other laggards included Longhorn Publishers, Centum Investments, and WPP ScanGroup.

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The NSE All-Share Index stood at 140.72 up from 139.79. The NSE 20 Share Index was down 0.24% to 1,805.26 from the previous 1,809.66. The NSE 25 Share Index was up 0.365 to 3,216.95 from the previous 3,205.30.

The Banking Sector had shares worth Ksh182 million transacted, which accounted for 65.16% of the day’s traded value.

NSE Market Capitalization hit Ksh2,160.56 billion, I-REIT turnover was Ksh47,328.00 while bonds worth Ksh3.7 billion were transacted.

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