Market turnover at the Nairobi securities was up by 318.04% to Ksh 590.34 Million(USD 5.83mn) against yesterday’s Ksh 141 Million. The NSE 20 Share Index was up 24.29 points (0.60%) to 4054.29. while the Nairobi All Share Index (NASI) gained by 0.56 points higher to stand at 147.4.
Banking Sector Trades
Following the unfolding events in the Banking industry whereby the Central Bank of Kenya has tightened regulations on all banks leading to three banks being put under receivership, the Banking Sector at the NSE lost 0.90%, trading 2 Million shares representing 20.85% . Equity Group Holdings was the most heavily traded counter in this sector with 1 Million shares changing hands at between Kes.40.25 and Kes.41.25. KCB Group up twenty-five cents to Kes.42.50 moved 521,000 shares. Co-op Bank moved 401,000 shares and closed at Kes.20.50.National Bank, Barclays Bank and Standard Chartered lost 7.04%, 1.37% and 1.18% respectively.
Foreign investors assumed a net selling position by accounting for 81.5% of total market sales and 79.8% of total market purchases.
BOC published Fy-15 results with revenue down 8.5% to KES 1.19Bn due to increased market competitiveness. Profit before tax declined 20.20% due to lower revenue and foreign exchange losses. Profit after tax dropped 50.4% to KES 148.6Mn.
