NSE 20 Share, the Kenyan bourse benchmark Index on Monday lost early gains to hit a seven-year low in intraday trading.
The Index sank to 3084.48 points last spotted in September 2009. The drop was mainly caused by Sasini which plunged 4.46% as investors reacted negatively due to the Profit warning issued by the company.
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Ten of the Index’s constituents were in the red zone with only five counters posting gains. Since the beginning of 2016, the index is down by approximately 23.%.
Volumes dropped by 31% to 12.51 Million from 18 Million while turnover declined by 22%to Sh 313 Million from Sh398 Million.
Centum was trading at Sh36.5, last seen in March 2014 as EABL traded at a 52 week low of Sh 235. The brewer’s market value has slipped by 13% over the last one year.
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Counters in the insurance sectors have all dipped for the last one year except Kenya Re which has gained by 3.5%.
