NSE in massive opening day leap, posts Sh687 million

The Nairobi Securities Exchange (NSE) opened the third trading week of 2019 at Ksh687 million, a second consecutive high in opening days at the bourse this year.

In surging upwards, the bourse posted 25.9 million deals on January 14, as against the 10.7 million transactions registered on Friday. The previous session had amounted to Ksh320 million.

The Bond Market however dropped to Ksh1.1 billion transacted, against the Ksh1.6 billion registered a week ago.

Comparing with last Monday, investors on January 14 were involved in 14.9 million more deals than the shares that exchanged hands on January 7.

The bump was helped in companies such as giant telco Safaricom, and East African Breweries who made massive gains in the securities exchange as per seven days ago.

Safaricom for example moved a total of 22 million shares. At Ksh517 million changing hands at between Ksh23.25 and Ksh23.65, this represented the highest turnover of everyone on the day, markedly at 75.19% of the day’s traded value.

E.A Breweries on the other hand were closed at Ksh52 million, moving 316,000 shares.

NSE Opening Day: Sectors Wrap

All the market indices witnessed positive gains.

The NSE 20 share Index was up 14.74 points to stand at 2809.16.

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All Share Index (NASI) edged up 0.50 points to settle at 143.11, while the NSE 25 Share index gained 12.31 points to stand at 3576.68.

In the Banking Sector, shares worth Ksh33 million transacted which accounted for 4.80% of the day’s traded value.

KCB Group had 639,000 shares valued at Ksh23.5 million transacted at between
Ksh36.05 and Ksh37.50.

Barclays Bank posted Ksh11.05, moving 272,000 shares valued at Ksh3 million.

The Commercial & Services Sector had shares worth Ksh2.8 million traded and accounted for 0.41% of the day’s turnover.

Nation Media Group moved 38,000 shares worth Ksh2.4 million and closed at Ksh62.75.

The Construction & Allied Sector had shares worth Ksh56 million traded & accounted for 0.76% of the
day’s turnover.

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Bamburi Cement was the most traded counter in this sector with 429,000 shares valued at Ksh55.7 million changing hands at between Ksh130 and Ksh132.

The Energy & Petroleum Sector had shares worth Ksh5.2 million traded & accounted for 0.76% of the
day’s turnover.

KenolKobil moved 139,000 shares valued at Ksh2.96 million at between Ksh21.30 and Ksh21.50.

The Investment Sector had shares worth Ksh15.3 million traded and accounted for 2.23% of the day’s
turnover.

Centum exchanged 524,000 shares valued at Ksh15 million at between Ksh28.50 and Ksh30.50.

The Manufacturing Sector had shares worth Ksh52.3 million transacted which represented 7.61% of the day’s traded value.

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