Stock market

NSE PLC stock among major losers

NSE PLC

Nairobi Securities Exchange (NSE) PLC — the company — was among the top decliners at the bourse at the close of trading on March 28.

Losing 2.32%, the NSE company settled at Ksh13.50 at the closing bell on Thursday.

The percentage decline of the NSE was only lower than that of Flame Tree Group, Stanlib Fahari and Longhorn Publishers.

Regional manufacturer Flame Tree Group burned 9.43%, closing as Ksh2.40.

Real estate investment trust Stanlib Fahari also sojourned into the red zone at a 7.48% drop to end the day on Ksh8.16.

Longhorn’s share price was published at Ksh6 indicating a 6.83% slide.

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Jubilee Insurance also managed a negative premium, dipping 3% to Ksh412.

In the green zone, Home Afrika, Stanbic Bank, I&M, East Africa Cables and Bamburi cement highlighted the day’s soaring share prices.

Home Afrika made its home at Ksh0.58, a 3.57% increase while you could take Stanbic to the bank with a 3.09% jump to Ksh100.

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I&M more than held its share price at Ksh109 while East Africa Cables lit up to Ksh3. The upsurges registered at 2.83% and 2.74% respectively.

Bamburi Cement on the other hand solidified at Ksh130, a 2.36% rise.

The bourse also registered a dip in all indices counters, equity turnover, volume of shares traded as well as investor wealth.

Down 0.45 points, the NSE All Share Index (NASI) closed at 155.85.

The NSE 20 Share Index dipped 5.38 points to close at 2835.47 while the NSE 25 Share Index shed 7.49 points to close at 3895.16.

As against the previous session, the NSE equity turnover dropped from Ksh517 million to end Thursday on Ksh417 million.

Volume of shares traded at the bourse declined from 16 million to 11.8 million. Total number of equity deals were also fewer, having posted 969 deals previously but ending Thursday’s trading session at 857.

Market capitalisation — the measure of total investor wealth — slid to Ksh2.33 trillion having stood at Ksh2.34 trillion yesterday.

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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]

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