STOCKS

Kenya Power lights up NSE with 4.5 million stocks

Share
NSE
An analyst at the Nairobi Securities Exchange (NSE). Merican Limited has been admitted to the Ibuka Program.
Share

Kenya Power and Lighting moved the second highest volumes of stocks at the Nairobi Securities Exchange (NSE) when trading closed at the bourse on February 18.

With 4.5 million shares transacted and closing the day at a share price of Ksh5.20, Kenya Power surged ahead of Equity Group (Ksh42.20), KCB Group (Ksh42.80) and East African Breweries (Ksh205) on the top voluminous ranked stocks traded at the NSE.

Safaricom pulled way ahead of the rest, at 10.5 million shares on the opening day of the week at the bourse.

The giant telco’s shares were valued at Ksh276 million which was nearly half of the day’s traded value. Its share price ended the day at Ksh26.05.

The volumes also pushed the week’s opening day to register 21 million shares as against the 9.4 million shares that were posted on Friday.

Increase did not however lead to increase in value, as the worth of stocks at the NSE on Monday stood at Ksh569 million, down from the Ksh597 million posted on Friday.

The days biggest gainers were BOC Kenya (Ksh81.25), who jumped up 8.7%, followed by Bamburi Cement (Ksh140) and Car & General Kenya (Ksh26.45).

Decliners from last week’s trading were Trans-Century (Ksh3.15) and Uchumi Supermarkets (Ksh0.70), both of whom declined by more than 4%.

The All Share Index shed 0.66 points to settle at 156.63, while the NSE 20 Share Index gained 1.94 points to stand at 3047.35. The NSE 25 Share Index settled at 3969.90, losing 33.28 points.

The Banking Sector had shares worth Ksh215 million while the Commercial & Services Sector had shares worth Ksh2 million traded.

Energy & Petroleum Sector moved shares worth Ksh24 million, Investment Sector had shares worth Ksh1.4 million while the Manufacturing & Allied Sector traded shares worth Ksh47.5 million.

In the Fixed Income Securities Market Segment (FISMS), the Bond Market had bonds worth Ksh1.7 billion transacted.

See Also : The free swimming pool of Kawangware

Written by
Mike Njoroge -

Mike Njoroge is the founder of Daystar Oracle and FootballTriangle. He is passionate about news, religion and sports. He can be reached at: [email protected]

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Samwel Mukami Makome
BUSINESSFEATURED STORYNEWSPERSON OF INTERESTREAL ESTATE

HF Group Plc Appoints Two New Directors to Its Board

HF (Housing Finance) Group, a listed real estate firm, has announced changes...

Edwin Dande CEO Cytonn Investments
BUSINESSNEWSREAL ESTATE

Cytonn Properties to be Auctioned Over KSh11 billion Owed to Investors

Cytonn Investments Properties, an outfit owned by one Edwin Dande, could finally...

CBK headquarters in Nairobi
FEATURED STORY

Central Bank of Kenya raises KSh 61 Bn for Budgetary Support in March

Central Bank of Kenya(CBK) accepted bids worth KSh60.9 billion at the March...

Metropolitan Sacco Members are unable to access loans due to the Society's financial problems
FEATURED STORY

SACCOs: Experts Recommend Setting up of a Deposit Protection Fund

SACCOs in Kenya might finally have a deposit protection fund(DPF) similar to...