STOCKS

Safaricom transacts three-quarters of the shares traded at NSE

Mike NjorogeJan 7, 2019744

A Safaricom retail shop. Safaricom has joined the push to scale up private sector investment for sustainable development.

Weekly trading opened at the Nairobi Securities Exchange (NSE) on January 7 with Safaricom moving shares worth Ksh134.8 million, corresponding to 77.37% of the day’s traded value.

Throughout Monday, the giant telco transacted at between Ksh21.30 and Ksh21.80 to eventually wrap at Ksh21.45. This represented a bump of 15cents on the previous trading session by Safaricom.

Overall, the bourse traded a total of 9 million shares valued against Ksh174 million. The value is the highest of 2019 so far even though the new year has only experienced four trading days.

As against the previous session, Monday registered a Ksh44 million jump, with the total volume of shares also on an upward trend as Friday of last week had seen 5.86 million shares transacted.

The Bond Market had bonds worth Ksh1.6 billion transacted, also a 2019 high so far.

Sectors Wrap

The NSE 20 share Index was down 12.75 points to stand at 2771.13 while the All Share Index (NASI) was up 0.32 points to settle at 137.35. The NSE 25 Share index lost 0.22 points to stand at 3473.37.

In the Banking Sector, shares worth Ksh26.9 million were transacted, accounting for 15.45% of the day’s traded value.

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KCB Group moved 508,000 shares valued at Ksh19 million at between Ksh37.15 and Ksh37.45. Equity Group Holdings was down 15cents to Ksh33.60 and moved 125,000 shares valued at Ksh4.2 million.

Barclays Bank moved 153,000 shares worth Ksh1.67 million and closed at Ksh10.90.

The Energy & Petroleum Sector had shares worth Ksh2.8 million traded and accounted for 1.64% of the day’s turnover.

Kenya Power & Lighting moved 306,000 shares valued at Ksh1.2 million at a fairly stable price of Ksh4.07. KenGen moved 148,000 shares worth Ksh1 million and closed at Ksh6.96.

The Investment Sector had shares worth Ksh4.7 million traded and accounted for 2.72% of the day’s turnover.

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Centum closed the day 3.93% lower to Ksh28.05 moving 163,000 shares valued at Ksh4.59 million.

The Manufacturing Sector had shares worth Ksh1.7 million transacted which represented 0.99% of the
day’s traded value.

E.A Breweries moved 6,000 shares valued at Ksh1 million and closed at Ksh170, jumping 75cents from last Friday.

Written by

Mike Njoroge -

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]