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Heavy Trading in Safaricom Shares Fires Up NSE Turnover

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Turnover at the Nairobi Securities Exchange rose to Ksh535 million from the previous session’s Ksh211 million, as investors firmed up their positions in key counters, while the number of shares traded stood at 22.8 million against 6.5 million posted on Monday.

The Banking Sector had shares worth Ksh179 million transacted, which accounted for 33.57% of the day’s traded value. KCB Group actively moved two million shares valued at Ksh93.6 million at between Ksh37.30 and Ksh37.70. I&M Holdings was down 6.44% to Ksh42.10, moving 1.3 million shares valued at Ksh56.8M. Standard Chartered Bank moved 142,000 shares valued at Ksh19 million and closed at Ksh136.75.

The Insurance Sector had shares valued at Ksh20 million traded, representing 3.83% of the day’s traded value. KenyaRe had eight million shares valued at Ksh19 million transacted at between Ksh2.41 and Ksh2.50.

Source: Nairobi Securities Exchange

The Investment Services sector had shares valued at Ksh7.5 million traded, representing 1.42% of the day’s traded value. Nairobi Securities Exchange share price rose by 5.01% to Ksh8.80, up from Ksh8.38 registered the previous session with shares worth Ksh7.5 million transacted.

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The Manufacturing & Allied Sector had shares worth Ksh21 million transacted & accounted for 4.01% of the day’s traded value. BAT moved 27,000 shares worth Ksh11.5 million at a fairly stable price of Ksh42. E.A Breweries remained steady at Ksh170.25 with shares worth Ksh9 million transacted.

In Telecommunication Safaricom was the day’s main feature with eight million shares valued at Ksh297 million changing hands at between K36 and Ksh37; this represented 55.56% of the day’s traded value. The Bond market had bonds worth Ksh6.4 billion transacted.

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BT Reporter
BT Reporterhttp://www.businesstoday.co.ke
editor [at] businesstoday.co.ke
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