The Nairobi Securities Exchange(NSE) ended the week on a bullish note. A total of 115 Million Shares valued at KSh2.75 Billion were traded in the past week.
This is compared to 111 Million Shares valued at KSh 1.9 Billion traded the previous week.
Activity at the bourse was lifted as listed firms rushed to meet the deadline for publishing their half-year earnings. Notable among them were Bamburi Cement, HF Group, Absa Bank, Jubilee Insurance and national carrier Kenya Airways.
Safaricom Plc was the most traded counter by turnover, leading the activity chart with 51.5 million shares valued at KSh1.4 billion traded; contributing 54.40% and 44.78% to the total equity turnover and volumes traded in the week, respectively.
The Banking Sector followed with shares valued at KSh 952 million transacted, effectively accounting for 34.56% of the week’s traded value. Equity Group Holdings Plc rose by 10.62% to KSh36.45, up from KSh32.95 registered the previous week with shares worth KSh356 Million transacted.
Stanbic Holdings was up 4.70% to KSh78.00 and moved 2.69 Million shares valued at KSh202 Million. KCB Group gained 8.17% to close the week at KSh 36.40 with shares worth KSh190 Million transacted.
During the week, various companies released their results, rushing against the regulatory deadlines for release of their half-year results.
Bamburi Cement doubled its net earnings to KSh 721 Million. Its Earnings Per Share(EPS) rose 14.3% year on year to KSh 1.84, largely attributable to lower non-operating costs.
At the close of last week, the derivatives market concluded a total of 16 contracts valued at KSh518,000.
In the secondary bonds market, there was a rise in activity with bonds valued at KSh24.5 billion Billion traded against the KSh 5.7 billion the previous session.
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