Sanlam Kenya Plc was the week’s top gainer at the Nairobi Securities Exchange(NSE), its share price rising by 12.94% to close the week at KSh 11.00.
Sanlam began the year with a share price of KSh 11.55 but has since lost 4.76% off that price valuation, ranking it 42nd on the NSE in terms of year-to-date performance.
Sanlam Kenya Plc (formerly Pan Africa Insurance Holdings Limited) is a Kenya-based holding company.
Sanlam Kenya Plc Corporate Structure and Interests
The principal activity of Sanlam Kenya, through its subsidiary Pan Africa Life Assurance Limited, is the underwriting of all classes of long-term insurance business, with the exception of industrial life insurance.
The Group also has interests in a wholly owned investment company (PA Securities Limited).
Sanlam Kenya’s subsidiaries include PA Securities Limited and Pan Africa Life Assurance
Other top price gainers during the week at the NSE were Unga which gained 9.42% to KSh 33.10; Stanbic which gained 7.74% to KSh 94.00; Car&General which rose 7.02% to KSh 61.00 and Sasini which was up 6.19% to 22.30.
The Nairobi Securities Exchange(NSE) Weekly Equity Turnover declined to KSh 2.6 Billion on a volume of 64 Million shares against a turnover of KSh 3.1 Billion with 82 Million shares changing hands the previous week.
The worst performing counters were led by TPS Serena which declined by 12.05% to KSh 13.50 followed by Olympia Capital which declined by 9.05% to KSh 1.91; Flame Tree Group which was down 5.80% to KSh 1.30; Carbacid Investments which declined 5.48% to KSh 10.35 from the previous week’s KSh 10.95 and Eveready which fell 4% to KSh 0.96.
The Derivatives market closed this week with a total of 117 contracts valued at KSh 4.46 Million.
The Banking sector had shares worth KSh 824 Million transacted which accounted for 31.44% of the week’s traded value.
Equity Group Holdings gained 5.97% during the week to KSh 53.25 from the previous week’s KSh 50.25 with the counter transacting shares worth KSh 599 Million. KCB Group was up 1.12% to KSh 45.30 and moved 3 million shares valued at KSh 139 Million. Co-operative Bank sold 3.2 Million shares valued at KSh 42 Million and closed the week at the price of KSh 12.95 per share.
Safaricom shares appreciated by 6.35% during the week to KSh 38.50 from KSh 36.20 the previous week with a turnover of KSh 1.5 Billion, which represented 57.56% of the week’s traded value.
EABL was the main feature in the manufacturing and allied sector and moved 1.1 Million shares worth KSh 185 Million at the price of KSh 160 per share. BAT moved 144,000 shares valed at KSh 63 Million and closed at KSh 445.00
KenGen was down 1.23% to KSh 4.00 and sold 897,000 shares valued at KSh 3.5 Million. Kenya Power sold shares worth KSh 1 Million with its price rising 1.92% to KSh 1.59
The Secondary Bonds market had bonds worth KSh 13.8 Billion transacted this week compared to KSh 10.5 Billion posted the previous week.
ALSO READ: Sanlam Kenya Restructures US$27 Million Foreign-Currency Loan
