Trading on Tuesday 24th March saw a continued decline of the NSE 20 Share index from Monday’s 17 year low of 1958.55 losing 71.38 points to close at 1887.17, an indication of continued instability in market activity. Foreign participation was 49.3% compared to Monday’s 61.0%
The banking sector, with 12 listed companies, saw a drop in share price value for all the companies but HF group limited which saw a 1.67% share price appreciation at the end of trading. KCB Group led the list of biggest losers of the day shedding off 9.48% of its share price value to close the day at Ksh. 33.90 per share. The lender saw an activity of 5.3 million shares traded.
NCBA Group Plc lost 9.09% of its share price value closing the day at Ksh. 25.10 from Monday’s close of Ksh. 27.65, with the company’s stock trading at between Ksh. 24.90 and Ksh. 26.70 during the day. Investors in NCBA exchanged 71,700 shares.
Equity group holdings recorded the highest volume of shares traded with 15.1 million shares traded at the end of the day. Equity group depreciated by 8.82% to close the day at Ksh. 32.55 per share. The lender saw a day’s high of Ksh. 35.10 and a low of Ksh. 32.15
In the Commercial and services sector, Kenya Airways was the biggest loser with an 8.64% share price depreciation closing the day at Ksh. 1.48 per share. Other major losers in the sector at the end of trading were Nairobi Business Venture and Uchumi Supermarkets with 7.69% and 7.41% share price depreciation respectively.
Kenya Electricity Generating Company (KenGen) and KPLC saw share price depreciation of 6.33% and 6.63% respectively with both having activity of over 200,000 shares traded.
Jubilee Holdings Ltd was the biggest loser in the insurance sector with a 9.09% drop in share price value compared to the previous day of trading to close the day at Ksh. 250 per share. Britam Holdings Ltd saw a share price depreciation of 6.71% to close the day at Ksh. 6.12 per share.
Top gainer of the day was Centum investments with an end of day share price appreciation of 9.9% closing the day at Ksh. 22.25 trading at a high of Ksh. 23.00 during the day. 29,400 shares were traded with all of it being local investor activity. The Capital Markets Authority on Monday approved Chris Kirubi to Raise Centum Stake to 49.9% without having to make a mandatory take-over offer to other shareholders.
