Performance at the Nairobi Securities Exchange (NSE) continued on a downward slide as two listed banks reported massive drops in their half-year earnings.
At the end of trading today, equity turnover fell to KSh 198.2 Million on a volume of 8.25 Million shares transacted in 977 deals. This is compared to a turnover of KSh 266 Million on Wednesday and KSh 355 Million when the bourse closed on Tuesday.
KCB and Co-operative Bank are the first banks to release their half-year earnings, 2020, all reporting significant declines as the pandemic has hit their loan books.
Equity was the top mover with 3.27 Million shares transacted followed by KCB (1.94 Million), Safaricom 502,400, Co-operative Bank(471,300) and Uchumi ( 321,000).
The NSE 20 Share Index stood at 1738.58 from 1751.39 previously, a decline of 0.73% or 12.81 points. The NSE 25 Share Index settled at 168.19 compared to 170.68 previously, a 1.46% decline. The All Share index closed at 129.70 compared to 130.76, a loss of 0.18%.
The top gainer was Crown paints with its share price rising 9.41% to KSh 46.50. It was followed by Nation Media Group whose price rose 8.42% to KSh 10.95.
The list of biggest losers included Car& General whose share price declined by 6.67% to KSh 21.00.
It was followed by Home Africa whose share price fell by 6.38%, KCB ( 6.14%), Trans Century (5.76%) and Centum shares which declined 5.63% to KSh 21.80 when trading closed today.
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