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Safaricom boosts NSE turnover to Sh1.5 billion

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At closing bell at the Nairobi Securities Exchange (NSE) on May 28, Safaricom moved 28 million shares worth Ksh799 million.

The figure was enough to boost equity turnover at the NSE to Ksh1.5 billion, having posted Ksh86 million yesterday.

In terms of volumes, the bourse traded 45 million shares as against 3.6 million during the previous session.

Safaricom ended the day at a share price of Ksh28.35, a 5.78% rise from yesterday’s Ksh26.80.

The giant telco alone accounted for 51.33% of the day’s total turnover.

At the indices, all tabs registered positive gains.

  • The NSE 20 share Index was up 2.04 points to stand at 2650.30.
  • All Share Index NASI picked up 4.37 points to stand at 151.77.
  • The NSE 25 Share index added 64.34 points to stand at 3624.89.

NSE Sectors Wrap

The Agricultural sector had shares worth 7.8 million traded and accounted for 0.5% of the day’s traded value.

Williamson Tea moved 55,000 shares valued at Ksh7.8 million at a fairly stable price of Ksh140.

The Banking Sector had shares worth Ksh522 million transacted which accounted for 33.56% of the day’s traded value.

[Read: Banks dominate trade at NSE]

KCB Group actively moved 8 million shares valued at Ksh334 million at between Ksh39.20 and Ksh41.

Equity Group Holdings closed the day 1.08% higher to Ksh37.30, moving 4 million shares valued at Ksh149 million.

Co-operative Bank moved 1.3 million shares worth Ksh15 million and closed at Ksh11.40.

The Energy and Petroleum sector had shares worth 3.7 million traded and accounted for 0.24% of the day’s traded value.

Kenya Power & Lighting was down 5.33% to Ksh3.55 and moved 975,000 shares worth Ksh3.4 million.

The Investment sector had shares worth 4.8 million traded and accounted for 0.31% of the day’s traded value.

Centum was down twenty cents to Ksh31.60 and moved 152,000 shares worth Ksh4.8 million.

The Manufacturing and Allied sector had shares worth 215 million traded and accounted for 13.85% of the day’s traded value.

E.A Breweries had 1 million shares valued at Ksh215 million transacted at between Ksh202 and Ksh205.

[See Also: Long distance bus companies go digital]

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Mike Njoroge
Mike Njorogehttp://www.businesstoday.co.ke
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]
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