KCB Share price at NSE
KCB recently announced that it had taken over Ksh3.1 billion in deposits belonging to collapsed Imperial Bank, expanding its customer base.

Kenya Commercial Bank (KCB) Group was the top mover at the Nairobi Securities Exchange (NSE) on 15th October, with local investors driving activity on this counter, on a volume of 1.59 million shares and a turnover of Ksh 59.61 Million.

Its share price, however, fell 0.135 to close at Ksh37.50 from the previous Ksh37.55. Foreign investors were the most dominant on the KCB counter, at 75% participation in 57 deals.

KCB recently announced that it had taken over Ksh3.1 billion in deposits belonging to collapsed Imperial Bank, expanding its customer base, a move that has ignited interest from investors.

The lender has also secured a $150 million (Ksh15 billion) credit line from the International Finance Corporation (IFC), the private sector lending arm of the World Bank Group. This facility enables KCB to lend to firms engaged in green projects as well as support businesses that are run by women and the youth.

Source: Mystocks.co.ke

Apart from KCB, other top movers at the NSE included KenGen (327,800), CIC (210,500), Equity Bank Group 113,200) and Stanlib Fahari I REIT (107,400).

Turnover drops

Meanwhile, turnover at the NSE touched a new low of Ksh87.52 million on a volume of 2.89 million. This is compared to a turnover of Ksh599.6 million the previous day.

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Available data shows there was an 88% decline in volume, 85% decline in turnover and 49% decline in deals.

Flame Tree Group Holdings Plc led the gainers with 7.52% share price appreciation closing at Ksh1.43 per share. It was followed by Housing Finance Company of Kenya, which gained 5.39% to Ksh3.91, Home Afrika Plc (4.76%) to Ksh0.44, Total Kenya Plc (4.48%) to Ksh24.50 and NSE, which gained 1.69% to close at Ksh8.42.

Read >> Single Deal Sends Paint Firm Shares Into a Frenzy

Losers were led by Uchumi Supermarkets Plc, which declined 3.23% to Ksh0.30 followed by CIC, which lost 2.95% to Ksh2.30, Umeme Limited which fell 2.27% to Ksh6.90, Nation Media Group, which declined 1.56% to Ksh15.75 and Kenya Reinsurance, which dropped 1.30% to Ksh 2.27.

The benchmark NSE All Share Index (NASI) declined 0.09 points to close at 139.65. The NSE 20 Share Index gained 0.91 points to close at 1814.17, while the NSE 25 Share Index gained 2.20  points to close at 3220.54.

There was one contract valued at Ksh30,000 concluded during Thursday’s transaction on the derivatives market..This was a fall compared to the 2 contracts valued at Ksh60,100 concluded during Wednesday’s trading session.

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