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Trading at the Nairobi Securities Exchange (NSE) opened the week on a positive note as the value of shares traded closed 65.4 per cent higher at Ksh865 million(US$8.6million ), compared to Ksh523 million (US$5.2 million)traded last Friday. The day saw a total of 30.5 million shares moved, up from 18.6 million shares on Friday when the market took a weekend break. The bond market had bonds worth Ksh3 billion transacted.

The NSE.

EABL stirs market as NSE day’s turnover swells to US$13.9 million

This came as the manufacturing and allied sector accounted for 50.30 per cent of the day’s turnover with total shares worth Ksh746.6 million being transacted.

by Chacha Mwita
October 3, 2018
in Investing
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NAIROBI, KENYA, OCTOBER 3 — Beer maker East Africa Breweries brought the Nairobi Securities Exchange (NSE) to life in Tuesday’s trading after low moments were witnessed on Monday when a technical hitch hit the bourse.

READ:NSE trading back to normal after Monday hitch

EABL stirred the market with 3.9 million shares valued at Ksh746.2 million changing hands at between Ksh190.00 and Ksh192.00.

This came as the manufacturing and allied sector accounted for 50.30 per cent of the day’s turnover with total shares worth Ksh746.6 million being transacted.

Activities on EABL shares saw the day’s turnover close at a high of US$13.9 million (Ksh1.4 billion) from Monday’s US$1.3 million (Ksh130 million).

Monday’s trading was however depressed by a technical hitch that hit the bourses’ Automated Trading System (ATS), which delayed commencement of trading for the better part of the morning.

“Buoyed by the sale of E.A Breweries shares, turnover rose to Ksh1.4 billion from the previous session’s Ksh130 million.The number of shares traded stood at 32.6 million against 5.5 million posted yesterday,” NSE reported.

The NSE 20 share Index was however down 29.66 points to stand at 2854.32. The NSE 25 Share index also shed 9.06 points to stand at 3803.22. All Share Index (NASI) picked up 0.26 points to settle at 149.24.

The banking sector had shares worth Ksh364 million transacted which accounted for 24.56 per cent of the day’s traded value.

Equity Group Holdings was the most actively traded counter in this sector with 6.3 million shares valued at Ksh253 million changing hands at between Ksh39.25 and Ksh40.00.

KCB Group down 0.5 per cent to Ksh40.00 moved 2.4 million shares worth Ksh96.3 million.

The commercial and services sector had shares worth Ksh2.5 million traded  and  accounted for 0.17 per cent of the day’s turnover.

Nation Media Group moved 22,000 shares valued at Ksh1.6 million and closed at a stable price of Ksh69.50.

The energy and petroleum sector had shares worth Ksh25.5 million traded and accounted for 1.72 per cent of the day’s turnover.

In this sector, KenGen moved 2.2 million shares valued at Ksh14.8 million at between Ksh6.70 and Ksh6.80.

KenolKobil saw 351,000 shares valued at Ksh5.5 million traded and closed the day at Ksh15.90.

The insurance sector had shares worth Ksh2.0 million transacted which represented 0.14 per cent of the day’s traded value.  CIC Insurance moved 337,000 shares valued at Ksh1.4 million and closed the day at a fairly stable price of Ksh4.20.

Safaricom which is the only company trading on the telecommunication counter had 13.9 shares valued at Ksh339.4 million changing hands at between Ksh24.00 and Ksh24.75. This represented 22.87 per cent of the day’s traded value.

The Bond had bonds worth 2.3 billion transacted.

Biggest winners of the day were Express Kenya, TP Serena,Unga Group and Kenya Airways. Top loosers of the day were ScanGroup, Eveready, Mumias Sugar,Sanlam and Umeme.

 

TOP GAINERS PRICE(KES) CHANGE(%)
XPRS 4.55
+7.06Up
CFCI 12.50
+5.04Up
TPSE 26.00
+4.00Up
UNGA 37.75
+2.03Up
KQ 10.90
+1.87
LOSERS PRICE(KES) CHANGE(%)
SCAN 14.25
-9.24Down
EVRD 1.00
-9.09Down
MSC 0.55
-8.33Down
PAFR 22.25
-7.29Down
UMME 8.60
-3.91

SOURCE:NSE

 

 

 

Tags: CIC InsuranceEast Africa Breweries Limited (NSE)Equity Group HoldingsEvereadyExpress KenyaKCB GRoupKengenKenolKobilKenyaMumias SugarNairobi Securities Exchange (NSE)Nation Media GroupSafaricomSanlam and Umeme.ScangroupTP SerenaUnga Group and Kenya Airways

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

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Chacha Mwita

Chacha Mwita is a business reporter based in Kenya. He covers equities, capital markets, trade and the East Africa economic developments.

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