Market Turnover at the Nairobi Securities Exchange( NSE) retreated to KSh 696 Million at the end of trading today.
This is a decline from KSh 1.1 Billion recorded yesterday. The number of shares traded also fell to 29 Million compared to KSh 64 Million transacted yesterday.
The NSE 20 share Index lost 5.53 points to stand at 1937.96. All Share Index NASI shed 0.90 to settle at 137.56. The NSE 25 Share index was down 6.51 points to settle at 3235.27.
The Banking Sector had shares worth KSh 91 Million transacted which accounted for 13.10% of the day’s traded value. Equity Group moved 1.1Million shares valued at KSh 41 Million changing hands at between KSh 34.80 and KSh 35.00. KCB Group moved 803,000 shares worth KSh 29.5Million and closed at KSh 36.80. ABSA Bank Kenya share price was up 1.00% to KSh 10.10 and moved 763,000 shares valued at KSh 7.7Million.
The Construction & Allied sector had shares worth 21.6Million traded & accounted for 3.11% of the day’s traded value. Bamburi Cement touched a 12-month low of KSh27.70, before easing up to close at KSh.29.30 with shares worth KSh 21 Million transacted.
The Insurance sector had shares worth 11 Million traded & accounted for 1.63% of the day’s traded value.
Kenya-Re share price remained unchanged at KSh2.10 and moved 4.4Million shares valued at KSh9.2 Million.
The Manufacturing & Allied sector had shares worth 38.6Million traded & accounted for 5.55% of the day’s traded value.
B.A.T moved 86,000 shares worth KSh 26.7 Million at a fairly stable price of KSh 310.00. E.A Breweries moved 68,000 shares valued at KSh 11.8Million and closed at KSh 173.00.
Safaricom was the day’s main feature with 18.5Million shares valued at KSh 525 Million changing hands at between KSh 28.20 and KSh 29.40; this represented 75.39% of the day’s traded value.
Global picture:
On a global scale, share prices have been under pressure in recent days, with the rising number of Covid-19 cases across the US leading to a more nervous mood.
The International Monetary Fund has warned that this second wave of infections was one of a number of triggers that could send markets lower. Such an outcome “could add financial stress on top of an already unprecedented economic recession”. The Fund said the support of Central Banks to financial markets provides false optimism as trade tensions resurface.
