Banks, Safaricom Share Prices Fall But Market Turnover Grows

NSE gainers and losers: The equity market closed the week with 62 million shares valued at Ksh2 billion against 85 million shares valued at Ksh3 billion transacted the previous week. Turnover today rose to Ksh466 million from Ksh458M posted yesterday, the number of shares traded stood at 14.9 million against 15 million posted the previous session.

Meanwhile, the NSE 20 share index was up 4.32 points or 0.23% to stand at 1868.76, while the All Share Index (NASI) was down 2.09 points or 1.30% to stand at 158.59. The NSE 25 Share shaved off 41.34 points, or 1.16%, to stand at 3518.06.

Banking Sector had shares worth Ksh318 million transacted which accounted for 15.49% of the week’s traded value. KCB Group was down 2.68% to Ksh40.00 moved 3.5 million shares valued at Ksh42 million.

BK Group recorded a 18.52% gain to close the week at Ksh24.00 with shares worth Ksh42 million transacted. I&M Holdings slipped by 3.27% to Ksh47.40 with shares worth Ksh40.5 mil transacted.

Insurance Sector had shares worth Ksh39 million transacted, which represented 1.92% of the week’s traded value. Jubilee Holdings rose by 2.33% to Ksh285, up from Ksh278.50 registered the previous week with shares worth Ksh33 million transacted.

Manufacturing & Allied Sector had shares worth Ksh274 million transacted which represented 13.36% of the week’s traded value. East African Breweries closed the week 3.64% higher to Ksh163.75 on a volume of 1.6 million shares valued at Ksh258 million. BAT moved 33,000 shares valued at Ksh15.8M and closed the week at Ksh470.50.

Telecommunication Sector saw Safaricom decline by 2.02% to Ksh36.30, down from Ksh37.05 registered the previous week with shares worth Ksh1.3 billion transacted; this represented 67.53% of the week’s traded value.

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