Momentum created by Banks’ third-quarter earnings led the banking stocks to dominate the NSE by volumes and values traded.
When markets closed today, Equity Group Holdings Plc recorded the highest volume of 4.7 Million traded shares, followed by Safaricom Plc 3.81Million shares, I&M Holdings Plc 1.66Million shares and KCB Group Plc 1.1Million shares.
Data shows that for the past two weeks, Banking stocks have been most attractive to investors. For instance, in the week ending 15th November, 2019, the banking sector had shares worth KSh.1.3 billion transacted which accounted for 50 percent of the week’s traded value at the NSE.
At the end of this period, Equity Group Holdings was the most actively traded counter with 9.4 million shares valued at KSh.454Million changing hands at between KSh.46.50 and KSh.49.00 per share.
KCB Group was up 0.70per cent to KSh50.25 per share and moved 8 million shares valued at KSh.415million.
In the week ending 22nd November 2019, the Banking Sector had shares worth KSh.897Million transacted which accounted for 35 percent of the week’s traded value. Equity Group Holdings was up 2.5 percent to close the week at KSh.48.65 per share. The lender moved 11Million shares valued at KSh.532Million. KCB Group was down 2.39per cent to KSh49.05 and moved 4.8Million shares valued at KSh.239Million. Co-operative Bank moved 2.8Million shares worth KSh.43Million and closed at KSh14.95 per share.
When markets closed on Wednesday this week, the Banking Sector saw shares worth KSh.193 million transacted which accounted for 40 percent of the day’s traded value.
Equity Group Holdings actively moved 2.3Million shares valued at KSh.115Million changing hands at between KSh.49.00 and KSh.50.25. KCB Group had 596,900 shares traded worth KSh. 29M and closed at KSh.48.80. Stanbic Holdings exchanged 216,000 shares worth 24M at between KSh. 112 and KSh.115 per share.
