Payment of interest to holders of East African Breweries Limited (EABL) notes, today, aroused activity in the secondary bonds market at the Nairobi Securities Exchange(NSE).
Bonds worth Ksh4.6 billion were transacted in 68 deals as compared to Ksh2.49 billion in 78 deals executed at the end of Friday’s trading session.
While the bond market has been subdued, as shown by the Central Bank of Kenya weekly bulletin which indicates that turnover of bonds traded in the domestic secondary market decreased by 34.4% at the end of last week ending 24th September, dealers expect activity to increase this week.
Meanwhile, Safaricom was the prime mover at the bourse, trading a volume of 5.39 million shares. This was on a turnover of 160.73 million in 113 deals that involved participation in 92.1% of the trades by foreign investors. Its share price, however, dropped 0.83%. Trading on this counter represented 52.34% of the day’s traded value.
Other big movers included Co-operative Bank, which traded a volume of 2.14 Million, Absa (1.78 Million), Britam (1.52 Million) and KCB share price rising 0.39% from Ksh38.90 to Ksh39.05 on a volume of 778,600.
Top gainers included Nairobi Business Ventures, Olympia Capital, ILAM Fahari REIT, Equity and Nation Media Group(NMG).
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The worst performers at the bourse were led by Flame Tree Group followed by Unga, Sameer Africa, Umeme Limited and East African Cables.
The derivatives market recorded a significant decrease in volume but an increase in turnover with one contract valued at Ksh320,000 as compared to 9 contracts valued at Ksh290,250 concluded on Friday.
The NSE All Share declined 0.28 points to close at 140.09 from the previous 140.37. The NSE 20 Share Index gained 2.58 points to close at 1,850.21 while the NSE 25 Share Index gained 11.80 points to close at 3254.18.