Chilly moment for investors at the NSE

The Nairobi Securities Exchange weekly trading value dropped to Ksh 1.7 billion in the final week of July as against the Ksh 1. 9 billion that had closed the week last Friday. This saw a total of 9.3 million shares lost at the bourse as this week’s trading ended with 56 million shares traded while the previous week had seen 65.3 million shares.

Despite the drop, indices lifted as the NSE 20 Share shot up 5.84 points to stand at at 3320.44 with the All Share Index scaling a 0.06% increase to settle at 172.47. The NSE 25 Share Index was also up 11.80 points to end at 4477.29.

The Bond Market registered improved activity with bonds worth Ksh10.6 billion transacted compared to Ksh9.1 billion posted the previous week.

Sectors Wrap

In the Banking Sector, shares worth Ksh881 million were transacted accounting for 45.60% of the week’s traded value.

Equity Holdings Group moved 7.4 million shares valued at Ksh373 million during the week at between Ksh47.50 and Ksh48.25. KCB Group Plc closed the week 1.55% lower to Ksh47.50 moving 6.1 million shares valued at Ksh291 million. Barclays Bank, escalating 0.43% to Ksh11.55,
moved 5 million shares worth Ksh58.5 million.

The Commercial & Services Sector had shares worth Ksh13.8 million transacted representing
0.78% of the week’s traded value.

Scangroup moved 385,000 million shares valued at Ksh5.9 million during the week at between Ksh15.50 and Ksh15.55 while Nation Media closed the week with 2.17% lower to move 41,000 shares at Ksh90 valued at Ksh3.7 million.

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In the Construction & Allied Sector, shares worth Ksh46.4 million transacted which represented
2.61% of the week’s traded value. Bamburi Cement moved 215,000 shares valued at Ksh38.3 million during the week at between Ksh178 and Ksh180. ARM Cement meanwhile closed the week 1.11% lower to Kes.4.45 moving 1.7M shares valued at Kes.7.9M.

Energy & Petroleum Sector had shares worth Ksh62.7 million transacted accounting for
3.52% of the week’s traded value. KenolKobil had 1.5 million shares valued at Ksh26.7 million transacting between Ksh17.50 and Ksh17.80. Kenya Power on the other hand moved 3.7M shares worth Ksh23.6 million, closing the week at Ksh6.35.

The Insurance Sector saw Ksh63.4 million worth of shares traded accounting for 3.56% of the week’s turnover.

Jubilee remained stable at Ksh502 and had 61,000 shares valued at Ksh31 million traded. Britam Holdings shed 0.34% to close the week at Ksh14.45 with shares worth Ksh10.7M transacted. Kenya-Re gained 1.54% to Ksh16.45 moving 575,000 shares valued at Ksh9.5M.

Manufacturing & Allied Sector had shares worth Ksh316 million transacted which represented
17.75% of the week’s traded value. BAT saw 346,000 shares valued at Ksh214 million changing hands at between Ksh600 and Ksh620. East African Breweries had 417,000 shares valued at
Ksh95 million and closed the week at Ksh227.

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In the Telecommunication Sector, Safaricom had 15.5 million shares valued at Ksh448 million traded and closed the week at a stable price of Ksh28.50. This represented 25.17% of the week’s traded value.