NAIROBI, KENYA, OCTOBER 8 — The Nairobi Securities Exchange (NSE) opened the Week with low trading volumes as the market made a slow comeback from the weekend break.
The bourse opened the week with a total of 6.8 million shares valued at Ksh143 million against 19.6 million shares valued at Ksh485 million posted on Friday.
The banking sector had shares worth Ksh23.2 million transacted which accounted for 16.17 per cent of the day’s traded value.
KCB Group moved 298,000 shares valued at Ksh11.5 million at between Ksh38.00 and Ksh39.25.
NIC Group unchanged at Ksh24.50 moved 177,000 shares valued at Ksh4.4 million while the Cooperative Bank of Kenya’s shares down five cents to Ksh15.30 moved 151,000 shares worth Ksh2.3 million.
The commercial and services sector had low activities with shares worth Ksh2.8 million transacted which represented 1.96 per cent of the day’s traded value.
Kenya Airways closed 2.43 per cent lower to Ksh12.05 moving 137,000 shares valued at Ksh1.7 million.
The energy and petroleum sector had shares worth Ksh5.7 million traded and accounted for 3.99 per cent of the day’s turnover.
KenGen moved 359,000 shares valued at Ksh2.4 million at a fairly stable price of Ksh6.80. Kenya Power and Lighting Company on the other hand moved 398,000 shares worth Ksh1.79 million and closed at Ksh4.50.
The manufacturing sector had shares worth Ksh2.3 million transacted which represented 1.62 per cent of the day’s traded value.
East African Breweries Limited traded 10,000 shares valued at Ksh1.9 million at between Ksh185.00 and Ksh189.00.
Telecommunication Company Safaricom with 4 million shares valued at Ksh106 million accounted for the largest per cent of the day’s traded value.
The telco which represented 73.78 per cent of the day’s traded value had its shares trade at between Ksh24.50 and Ksh25.00.
Meanwhile, the NSE 20 share Index started the week on a positive note going up 1.06 points to stand at 2866.06.
All Share Index (NASI) however shed 0.96 points to settle at 149.92 while the NSE 25 Share index was down 14.68 points to stand at 3795.31.
The bond market had bonds worth Ksh741 million transacted.