NSE trades Sh3.4 billion on opening October week

Weekly trading at the Nairobi Securities Exchange (NSE) shed Ksh700 million to close at Ksh3.4 billion in the week ending October 5, down from Ksh4.1 billion last week.

This comes in a week that saw a technical hitch on October 1 lead to a shorter trading period on that day resulting in a Ksh515 million plunge as compared to the previous trading session.

NSE attributed the early week delay to technical challenges experienced in a dependent system of the Automated Trading System (ATS).

Trading began at 1:20pm and closed at 4:30pm on October 1, which was a departure from the traditional 9:00 am to 3:00pm.

Indices

In the week ending October 5, the NSE 20 Share Index lost 10.52 points to settle at 2864.99.

All Share Index (NASI) was up 1.21 points to settle at 150.88 while the NSE 25 Share index shaved off 9.16 points or 0.24% to stand at 3809.99.

Sectors Wrap

The Banking Sector had shares worth Ksh.1 billion transacted which accounted for 30. 53% of the week’s traded value.

Equity Group actively moved 14.4 million shares valued at Ksh576 million during the week at between Ksh39.25 and Ksh41.75.

KCB Group closed the week 3.13 % lower to Ksh38.75 moving 8.8 million shares valued at Ksh350.5 million.

Standard Chartered was down 0.52% to Ksh190.00 and moved 202,000 shares worth Ksh38.6 million.

The Commercial and Services Sector had shares worth Ksh11.06 million transacted which represented 0.32 % of the week’s traded value.

Nation Media Group (NMG) moved 81,000 shares valued at Ksh5.6 million during the week at between Ksh69.50 and Ksh72.00.

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Kenya Airways moved 261,000 shares valued at Ksh3 million and closed the week at Ksh12.35.

ScangroupWPP was down 3.82% to Ksh15.10 and had 114,000 shares valued at Ksh1.6 million realised.

The Insurance Sector had shares worth Ksh18 million traded and accounted for 0 .53% of the week’s turnover.

Jubilee Holdings actively moved 25,000 shares worth Ksh11.8 million at between Ksh455 and Ksh477.

CIC was down 3.57% to Ksh4.05 with 630,000 shares valued at Ksh2.6 million transacted.

Britam Holdings had 199,000 shares valued at Ksh2.1 million and closed the week at Ksh10.85.

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The Manufacturing and Allied Sector had shares worth Ksh822 million transacted which represented 23.94 % of the week’s traded value.

East African Breweries Limited (EABL) up 0.54% to settle at Ksh186.00 actively moved 4.2 million shares valued at Ksh811 million.

Safaricom in the Telecommunication Sector had 55.9 million shares valued at Ksh1.3 billion changing hands at between Ksh24 and Ksh24.75, representing 39.98 % of the week’s traded value.

The Bond Market registered bonds worth Ksh11.23. billion transacted compared to Ksh11.20 billion posted the previous week.

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