Kenya Reinsurance was the most dominant counter when trading closed Friday, moving 7.12 Million shares resulting in a turnover of KSh 14.99 Million after 130 deals were concluded.
It replaced Safaricom, which has been the biggest mover at the bourse since the start of the week. Kenya Re share price closed at KSh 2.10 from the previous KSh 2.17, a decline of 3.23%.
It was trading between a high of KSh 2.30 and a low of KSh 2.10, an activity that had 49% participation of foreign investors.
Other big movers at the NSE included Safaricom which moved 3.28 Million shares, Kenya Power(1.04 Million), NSE(896,000) and Stanlib Fahari I-REIT(883,700).
When the bourse closed Friday 4th September, turnover at the Nairobi Securities Exchange(NSE) declined to KSh192.83 Million on a volume of 16.04 Million and 1,336 deals.
This was a decline from a turnover of KSh 269 Million on Thursday and KSh 1.1 Billion turnover when it closed on Wednesday.
The top gainer was WPP ScanGroup whose share price rose 9.35% to KSh 8.42, Nation Media Group up 9.00% to KSh 16.95, Eaagads Limited whose share price appreciated 8.70% to KSh 12.50, Uchumi was up 7.69% to 28 cents while Stanbic Holdings share price rose by 6.88% to KSh 85.50.
The biggest loser was ILAM Fahari Income REIT(FAHR) whose share price fell 8.63% to KSh 5.08. It was followed by Flame Tree Group Holdings, which was down 5% to KSh 1.33.
Other losers were Housing Finance, Longhorn Publishers and Standard Chartered Bank Kenya whose share price fell 4.14% to KSh 162.25.
There were no contracts in the derivatives market on Friday. The secondary bond market recorded a rise in activity with bonds worth KSh 6.37 billion transacted in 109 deals.
This is compared to KSh 4.89 billion achieved in 127 deals during Thursday’s session.
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