NAIROBI, KENYA, OCTOBER 4 —Trading at the Nairobi Securities Exchange (NSE) slowed on Wednesday as the market eased on equities turnover compared to Tuesday.
The day’s turnover declined to Ksh469 million from the Ksh1.4 billion recorded on Tuesday when East Africa Breweries Limited stirred the market with 3.9 million shares valued at Ksh746.2 million, a day that saw the manufacturing and allied sector account for 50.30 per cent of the day’s turnover after a long time.
On Wednesday, the number of shares traded stood at 16.2 million half the 32.2 million posted the previous day.
The NSE 20 share Index, which tracks the top 20 listed companies at the bourse, was however up 7.07 points to stand at 2861.39. All Share Index (NASI) also went up 0.16 points to settle at 149.40.
The NSE 25 Share index on the other hand eased 2.71 points to stand at 2800.51.
The day saw the banking sector offer shares worth Ksh222 million for transaction accounting for 47.34 per cent of the day’s traded value.
KCB Group was the main feature in the sector with 3.8 million shares valued at Ksh152 million traded at between Ksh39.25 and Ksh40.00.
Equity Group Holdings up twenty five cents to Ksh39.75 moved 1.1 million shares worth Ksh46.7 million while Standard Chartered down one shilling to Ksh190.00 had 88,000 shares valued at Ksh16.8 million.
The commercial and services sector had shares worth Ksh2.5 million traded and accounted for a trivial 0.55 per cent of the day’s turnover.
ScanGroup up 0.35 per cent to Ksh14.60 had 102,000 shares valued at Ksh1.4 million traded.
Kenya Airways shares on the other hand gained thirty five cents to Ksh11.25 with the national carrier’s 67,000 shares valued at Ksh757, 000 being transacted.
In the construction and allied sector, shares worth Ksh82.9 million were traded accounting for 17.65 per cent of the day’s turnover. Bamburi Cement actively moved 567,000 shares valued at Ksh82.8 million at between Ksh146.00 and Ksh150.00.
The energy and petroleum sector had shares worth Ksh18.5 million traded and accounted for 3.95 per cent of the day’s turnover. Kengen unchanged at Ksh6.70 moved 1.6 million shares valued at Ksh10.99 million.
Kenya Power had 1.6 million shares valued at Ksh7.4 million and closed the day at a stable price of Ksh4.50.
The manufacturing and allied sector which was Tuesday’s biggest mover had shares worth Ksh13.1 million transacted representing 2.79 per cent of the day’s traded value.
E.A Breweries saw 67,000 shares valued at Ksh12.7 million changing hands at between Ksh188.00 and Ksh190.00 against Tuesday’s 3.9 million shares.
On the telecommunication sector, Safaricom which is the sole trading company had 5.1 million shares valued at Ksh125.1 million changing hands at between Ksh24.25 and Ksh24.50, accounting for 26.62 per cent of the day’s traded value.
The slow day equally saw the bond market drop with bonds worth Ksh1.3 billion being transacted compared to the Ksh 2.3 billion transacted the previous day.