The Banking sector continued to dominate activity at the NSE in the past week that ended on 30th April 2020. The sector had shares worth KSh 775 Million transacted, which accounted for 48.27% of the week’s traded value.
The most active counters were Equity Group which closed the week 8.82 % higher to KSh 37.65 moving 10.7 Million shares valued at KSh 385 Million. KCB share prices increased 1.09 per cent to KSh 37.00 up from KSh 36.60 the previous week, with shares worth KSh 197.5 Million transacted. BK group was down 1.79 percent to trade at KSh22. moving 3.9 Million shares valued at KSh 86 Million.
Safaricom retained its position as the week’s biggest mover as it released its 2019 financial results. The price of its shares increased by 3.45% to KSh 28.50 up from KSh 27.55 registered the previous week.
The Telco’s shares worth KSh 713 Million were transacted, representing 44.44% of the week’s traded value.
The Equity Market closed the week with 68.8 Million shares valued at KSh 1.6 Billion traded against 134 Million shares valued at KSh 4.3 Billion the previous week.
In the Energy and Petroleum sector, Kenya Power shares prices dropped 6.07% to KSh 2.1 with shares worth KSh 12.4 Million transacted. KenGen was also down 7.14% to KSh 4.55 and moved 2.6 million shares valued at KSh 12.3 Million.
In the Manufacturing Sector, EABL was the most dominant with its share price recording a 13.65 % gain to close the week at KSh 172.75 with shares worth KSh 47 Million traded. Overall, the sector traded KSh 57.8 Million worth of shares, representing 13.60% of the week’s traded value.
The NSE 20 Share index was down 9.77 points to 1958.07 points. Top gainers at the exchange were EA Breweries, Sameer, Fahari I-REIT, Kakuzi, and Equity Group. The biggest losers were Limuru Tea, Uchumi, Nation Media, Eveready, and KenGen.
The list of firms that have released their financial results in the last fortnight, for the year ended 31st December 2019 include Kenya Orchards Limited, Wpp Scan group, Flame Tree Group, Stanlib Fahari, and Safaricom.
There was a decline in activity in the bond market with volumes worth KSh 6.6 billion transacted compared to KSh 8.4 billion recorded the previous week.