The banking sector dominated this week’s trading activities at the Nairobi Securities Exchange(NSE) as mixed half-year earnings continued to push the bourse into a bearish mood.
This segment transacted a total of shares worth KSh996 million, which accounted for 50.81% of the week’s traded value.
Equity registered the highest gain at 14.61% to KSh32.95 and moved 6 million shares valued at KSh191 million. KCB share price gained 10.15% to KSh33.65 with shares worth KSh536 million transacted. Co-operative Bank was down 3.23% to KSh10.50 and moved 11 million shares valued at KSh117.6 million.
The NSE 20 share index was down 19.62 points or 1.13% to stand at 1723.96. All Share Index (NASI) added 2.29 points or 1.77% to settle at 131.75. The NSE 25 Share index was up 73.50 points or 2.50% to stand at 3013.33.
The Derivatives Market closed the week with a total of 10 contracts valued at KSh247,000. Turnover at the NSE closed the week with 111 million shares valued at KSh1.9 billion against 69 million shares valued at KSh1.68 billion transacted the previous week.
The Insurance Sector had shares worth KSh57.5 million transacted, which accounted for 2.93% of the week’s traded value.
Kenya Re shares declined by 2.71% to KSh2.15, down from KSh2.21 registered the previous week with shares worth KSh49 million transacted.
Britam Holdings, which recorded a decline in its six-month earnings, had its share price declined 1.68% to KSh7.04 with shares worth KSh5.6 million transacted.
The Manufacturing & Allied Sector had shares worth KSh80 million transacted, representing 4.08% of the week’s traded value.
E. A Breweries closed the week 1.95% lower to KSh151.00 moving 488,000 shares worth KSh73.9 million. BAT shares were down 2.52% to KSh319.75 and moved 16,000 shares valued at KSh5 million.
Safaricom rose by 1.81% to KSh28.20, up from KSh27.70 registered the previous week with shares worth KSh713 million transacted. This represented 36.36% of the week’s traded value.
The Bond Market turnover retreated to KSh5.7 billion compared to KSh14.1 billion registered the previous week.
The previous week, Safaricom was the most active, accounting for 47.11% of activity at the bourse. This is compared to banks, which accounted for 37.64% of the week’s activity.
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