Daily Market Report thursday 9th June 2016
Market turnover at the Nairobi Securities Exchange recorded 247.8% increase on Thursday to 2,662.23 Million (USD 26.34 MN) from Wednesday’s trading. This was driven by single larger foreign trades on EABL (93.14%) and BAT (99.56%). Volumes improved by 41.94% with Safaricom moving 50.1% of the day’s volumes
Indices
For the second day in a row, the Benchmark NSE 20 share index was up by 0.52% to close at 3,818.19 points. NSE 25 Share Index and ASI were up 0.47% and 0.66% respectively.
Foreign activity dominated the market at 90.06% with net sales.
Safaricom continued to set new records as the counter touched an all-time high of Kes.18.40 and a day’s low of Kes.17.90 on a volume of 21 Million shares. . The company today announced that it had partnered with software development company, Craft Silicon, to launch an app for cab hailing taxi services called Littlecabs.
Safaricom CEO Mr Bob Collymore today refuted rumors claiming that the telco was acquiring a local bank. This comes at a time when there are reports that Jamii Bora Bank and Rafiki Bank are looking for strategic investors.
See Tweet;
@alykhansatchu @SafaricomLtd We have not applied for a banking licence nor bought a bank & have no intention of doing so.
— Bob Collymore (@bobcollymore) June 9, 2016
UPCOMING TRAINING BY Nairobi Securities Exchange on 21st June
