BUSINESS STOCKS

NSE Poised for Slow Trade After Two-Day Christmas Break

BT CorrespondentDec 26, 2024134

The one-day trading just before the weekend is not expected to have significant impact on equities.

Kenyan equities market, the Nairobi Securities Exchange (NSE), is expected to remain steady as the market resumes tomorrow after Christmas break. The one-day trading just before the weekend is not expected to have significant impact on equities as the market had earlier traded on Monday and Tuesday before breaking for Christmas holiday on Wednesday and Boxing Day today

The NSE opened the week with 9.6 million shares valued at Ksh94.8 million against 68.8 million shares valued at Ksh550 million posted on Friday. It is expected to closer lower tomorrow, and pick up some speed next week as the market transitions into the new year, 2025.

Banking

The Banking Sector had shares worth Ksh67M transacted, which accounted for 70.78% of the day’s traded value. KCB Group was the day’s main feature with 1.1M shares valued at Ksh45.5M changing hands at between Ksh39.25 and Ksh39.95. The Co-operative Bank of Kenya recorded a 1.61% gain to Ksh15.80 from Ksh15.55 with shares worth Ksh10.4M transacted. Equity Group Holdings up 0.87% to Ksh46.35 moved 52,000 shares valued at Ksh2.4 million.

Energy & Petroleum

The Energy & Petroleum sector had shares valued at Ksh9.3M traded representing 9.82% of the day’s traded value. Kenya Power & Lighting Co closed 0.75% higher to Ksh4.04 on a volume of 1.3M shares worth Ksh5.4M. KenGen moved 1.1M shares valued at Ksh3.8M and concluded the day at Ksh3.41.

Manufacturing & Allied

The Manufacturing & Allied sector had shares valued at Ksh10M traded representing 10.66% of the day’s traded value. B.A.T transacted 13,500 shares worth Ksh4.9M and closed the day at Ksh362.75.

Telecommunication

Safaricom traded 195,000 shares valued at Ksh3.4 million changing hands at between Ksh17.15 and Ksh17.70; this accounted for 3.61% of the day’s traded value.

The NSE 20 share Index gained 30.29 points to stand at 1938.80.
All Share Index NASI up 0.27 points to close at 121.99.
The NSE 25 Share Index rose by 14.66 points to settle at 3306.88.
The NSE 10 share index added 1.20 points to stand at 1269.61.

FIXED INCOME SECURITIES MARKET SEGMENT (FISMS).

The Bond market had bonds worth Ksh5.7 billion transacted on 162 deals.

DERIVATIVES

The Derivatives Market had 20 contracts worth Ksh900,000 traded in today’s session. The Equity Single Stock Futures contract expiring on 20th March 2025 traded 15 contracts valued at Ksh698,000 at a price of Ksh46.56. This is against Ksh46.35 posted by Equity in the spot market.

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