Safaricom was the day’s biggest mover at the Nairobi Securities Exchange(NSE) with 3.7 Million shares valued at KSh108Million changing hands at between KSh 28.90 and KSh29.20. This accounted for 40.76% of the day’s traded value.
Turnover declined to KSh 264 Million at the NSE from the previous session’s KSh.584 Million. The number of shares traded stood at 9.6Million against 19Million posted on Tuesday.
The Banking Sector had shares worth KSh67.6Million transacted which accounted for 25.49% of the day’s traded value.
BK Group closed the day 9.93% lower to KSh.18.60 moving 2.6Million shares valued at KSh 48.9Million.
Equity Group Holdings moved 232,000 shares worth KSh.8.5Million and closed at KSh 36.80. ABSA Bank was down 0.48% to KSh10.45 and moved 393,000 shares valued at KSh 4.1Million.
The Commercial & Services sector had shares worth 1.5Million traded & accounted for 0.58% of the day’s traded value.
The Insurance sector had shares worth 2Million traded & accounted for 0.76% of the day’s traded value. CIC Insurance moved 603,000 shares worth KSh 1.3Million at a fairly stable price of KSh 2.29.
The Manufacturing & Allied sector had shares worth 82 Million traded & accounted for 30.95% of the day’s traded value.
E.A Breweries share price dropped to KSh 163.00 and moved 501,000 shares valued at KSh81.6 Million.
The Bond market had bonds worth KSh 1.9Billion transacted.
At the end of Wednesday’s trading session, a total of 9,710,200 shares in 828 deals, corresponding to a market value of KSh 265,320,656.00, were traded. Compared with the previous NSE trading day (Tuesday, May 19), Wednesday’s data showed 50% decline in volume, 55% decline in turnover, and 13% decline in deals.
Kenya Airways led the gainers with a 9.66% share price appreciation closing at KSh 2.61 per share. It was followed by Nairobi Business Ventures, Umeme Limited, and East African Cables.
On the losing side, Bank of Kigali Group came out last with an end-of-day price depreciation of 9.93% closing at KSh 18.60 per share. Other losers were Fahari-I- REIT, Nairobi Securities Exchange(NSE), and WPP ScanGroup.
ALSO READ:
NSE Turnover Rises to KSh584 Million
