Market reversed the recent slump with the NSE 20 Share index recovering by 62.01 points to close the day at 3,178.83 points. Nairobi All Share Index was up 1.22% while the Market Capitalization gained by 1.21% respectively lifted by trades in the banking sector.
Banking sector index shot up 6.08% with 43.54Million (70.98%) shares trading with KCB and Equity Bank both dominating trading . Cooperative Bank and I&M were up by of 10% each. NBK was the only loser in the Banking sector shedding 0.71% to settle at KES 6.95 from KES 7.00. CFC Bank and KCB confirmed reducing lending rates for both old and new loans to the caped 14.5%.
(Source; Kenyan Wall Street, Sterling Capital, NSE)