Turnover at the Nairobi Securities Exchange (NSE) retreated from a week high of Ksh1.2 billion yesterday to post Ksh273 million at closing bell on September 26.
This represented the third time in four days that the bourse had posted a turnover of below half a billion, having also posted lowly on both Monday and Tuesday.
Decline at the NSE was particularly seen in the retreat of Safaricom shares, which had been responsible for the over 300% jump experienced on Wednesday.
Safaricom, from a high of 30.5 million shares valued at Ksh842 million fell to Ksh66.8 million on the back of 2.4 million shares transacted. The mobile phone operator also lost 40cents to end the day at a share price of Ksh27.15.
The giant telco also moved one futures contract worth Ksh27,000. The quarterly contract is set to expire on December 19, and was concluded at a price of Ksh27.01.
At the market indicators, the indices all experienced slumps as follows;
- The NSE 20 share Index was down 7.85 points to stand at 2439.71.
- All Share Index NASI edged down 1.20 points to stand at 144.50.
- The NSE 25 Share index shed 25.77 points to settle at 3461.86.
The bonds market meanwhile remained fairly stable at Ksh2.5 billion.
The Banking Sector had shares worth Kes.156M transacted which accounted for 57.20% of the day’s traded value. KCB Group was the day’s main feature with 2.9M shares valued at Kes.122M changing hands at between Kes.41.00 and Kes.42.30. Equity Group Holdings down 1.04% to Kes.37.95 moved 568,000 shares valued at Kes.21.5M. Co-operative Bank moved 328,000 shares worth Kes.3.8M and closed at Kes.11.80.
The Insurance sector had shares worth 3.1M traded which accounted for 1.15% of the day’s traded value. Jubilee Holdings up 2.94% to Kes.350.00 moved 6,000 shares valued at Kes.2.2M.
Manufacturing & Allied
The Manufacturing and Allied sector had shares worth 40.8M traded & accounted for 14.95% of the day’s traded value. E.A Breweries closed the day2.28% lower to Kes.192.50 moving 211,000 shares valued at Kes.40.7M.
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]