NAIROBI, SEPTEMBER 17 —Trading at the Nairobi Securities Exchange (NSE) opened the week on a low momentum compared to last week, as the market witnessed a drop in the number of shares traded.
This comes as investors returned to the market after a weekend of debate over the country’s economic stability following the expiry of the International Monetary Fund (IMF) standby loan and the Value Added Tax on petroleum products in the country.
The Nairobi bourse opened the week with a total of 17.7 million shares valued at Ksh321 million traded, against 38 million shares valued at Ksh1.0 billion posted on Friday.
The NSE 20 share Index was down 23.69 points to stand at 2969.69. All Share Index (NASI) was equally down 0.56 points to settle at 157.57 while the NSE 25 Share Index eased 22.38 points to stand at 4011.26.
During the day’s trading, telecommunication- Safaricom dominated the market with 5.1 million shares valued at Ksh136.9 million changing hands at between Ksh26.25 and Ksh26.75. This represented 42.63 per cent of the day’s traded value making Safaricom the biggest single traded entity.
The banking sector came in close with shares worth Ksh112.9 million transacted; accounting for 35.16 per cent of the day’s traded value.
Barclays Bank actively moved 5.1 million shares valued at Ksh51.9 million at between Ksh10.05 and Ksh10.25.
KCB Group down twenty five cents to Ksh41.00 had 506,000 shares valued at Ksh20.8 million traded. Equity Group had 307,000 shares valued at Ksh13.3 million traded and closed at Ksh43.25.
The Energy and Petroleum Sector had shares worth Ksh55.6 million traded and accounted for 17.32 per cent of the day’s turnover. KenolKobil moved 3.0 million shares valued at Ksh49.5 million and closed at a fairly stable price of Ksh16.25.
Kenya Power up 1.07 per cent to Ksh4.70 had 798,000 shares valued at Ksh3.7 million transacted.
In the Insurance Sector, shares worth Ksh3.2 million were transacted which represented 1.02 per cent of the day’s traded value.
Sanlam Kenya, which was among the biggest winners of the day, saw its share value edge up 3.9 per cent to Ksh19.95 with the firm trading 53,000 shares valued at Ksh1.0 million.
Kenya Re Insurance was down fifteen cents to Ksh16.15 with 54,000 shares worth Ksh878,000 transacted.
The Investment Sector had shares worth Ksh7.8 million transacted which represented 2.44 per cent of the day’s traded value.
Centum remained stable at Ksh28.25 with 265,000 shares valued at Ksh7.5 million transacted. Home Afrika moved 425,000 shares valued at Ksh260, 000 and closed the day at Ksh0.60.
The Manufacturing and Allied Sector had shares worth Ksh1.64 million transacted which represented 0.51 per cent of the day’s traded value.
East African Breweries down two shillings to Ksh193.00 had 2,600 shares valued at Ksh513, 000 transacted. British American Tobacco had 700 shares valued at Ksh429, 000 and closed the day at Ksh605.00.
Biggest winners of the day were Total, Kenya Airways, Sanlam, LongHorn Kenya and the National Bank of Kenya.
The day’s biggest losers included Mumias Sugar,Olympia Capital, Home Africa, Deacons and Jubilee Insurance.
The Bond Market had bonds worth Ksh2.5 billion transacted.