The Nairobi Securities Exchange (NSE)

The Nairobi Securities Exchange on upswing this week, with turnover rising 85% to Ksh4.3 billion on a volume of 222 million shares, from Ksh2.3bn on 123 million shares posted the previous week. This was lifted by a rise in most counters, as Safaricom led the pack in moving more shares.

The NSE 20 share index, which is taken to be the markets barometer, gained 20.60 points during the week to stand at 2,983.68, an indication of a gain in the main counters at the bourse. The All share Index (NASI) was up 4.14 points during the week to stand at 126.61. The NSE 25 Share index added 93.43 points or 2.89% during the week to stand at 3323.95. Overall, it was a great week for equities and investors who cashed out benefited.

The Banking Sector Banking Sector had shares worth Ksh965M traded & accounted for 22.06% of the week’s traded value. Equity Group actively moved 15M shares valued at Ksh440M at between Ksh27.00 and Ksh30.25. KCB Group touched a week’s high of Ksh29.25 and a low of Ksh31.00 with shares worth Ksh316M transacted. Co-op Bank recorded a 13.25% gain to close at Ksh14.10 with shares worth Ksh125M transacted.

In the Construction & Allied Sector, shares worth Ksh50.9M were transacted and represented 1.17% of the week’s traded value. Athi River Mining ended the week 2.10% higher to Ksh19.45 with shares worth Ksh35M traded.

The Energy Sector had shares worth Ksh432M traded & accounted for 9.88% of the week’s turnover. KenolKobil had 18M shares valued at Ksh232M transacted at between Ksh12.50 and Ksh13.00. KenGen closed 9.17% higher to Ksh6.55 moving 24M shares valued at Ksh159M.

The Investment Sector was also active, trading shares worth Ksh38.9M, which represented 0.89% of the week’s traded value. Centum was up twenty-five cents to Ksh34.25 moved 1M shares worth Ksh36.7M. The Nairobi Securities Exchange moved 4M shares valued at Ksh44.4M at between Ksh11.00 and Ksh12.20.

The Manufacturing & Allied Sector had shares worth Ksh792M transacted, which accounted for 18.11% of the week’s turnover. E.A Breweries saw 3.3M shares valued at Ksh713M change hands at between Ksh211.00 and Ksh218.00. BAT moved 86,000 shares worth Ksh74M and closed the week at Ksh861.00. In telecommunication, Safaricom was the week’s biggest mover with 112M shares valued at Ksh1.9bn changing hands at between Ksh17.00 and Ksh19.00; this represented 45.49% of the week’s traded value.

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