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alternatetext
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.

NSE opens week with low share business, strong bond market

The share market was overshadowed by the bond market which witnessed improved activity with bonds worth Ksh4.6 billion transacted compared to Ksh1.2 billion registered the previous session.

by Chacha Mwita
April 9, 2018
in NSE
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NAIROBI, APR 9 — The number of shares traded at the Nairobi Securities Exchange on Monday fell short 50 per cent from Friday, as the bourse witnessed mixed trading of key units on the counter.

The bourse opened the week with a total of 8 million shares valued at Ksh189 million, against 16 million shares valued at Ksh519 million posted on Friday.

The share market was overshadowed by the bond market which witnessed improved activity with bonds worth Ksh4.6 billion transacted compared to Ksh1.2 billion registered the previous session.

The banking sector had shares worth Ksh58.6 million transacted which accounted for 30.75 per cent of the day’s traded value.

Barclays Bank actively moved 1.6 million shares valued at Ksh21 million at between Ksh12.90 and Ksh13.00.

KCB Group unchanged at Ksh54.00 moved 341,000 shares valued at Ksh18 million. Equity Group Holdings moved 131,000 shares worth Ksh7 million and closed at Ksh54.50.

The Energy & Petroleum sector had shares worth Ksh10.3 million traded and accounted for 5.40 per cent of the day’s turnover.

Kenya Power and Lighting up 1.95 per cent to Ksh7.85 moved 818,000 shares valued at Ksh6.4 million. KenGen moved 351,000 shares worth Ksh3 million and closed at Ksh8.60.

The Insurance sector which accounted for 8.31 per cent of the day’s turnover had shares worth Ksh15.8 million traded.

Britam Holdings closed 2.38 per cent higher to Ksh12.90 moving 645,000 shares valued at Ksh8.3 million. Kenya-Re down 1.37 per cent to Ksh18.00 moved 248,000 shares valued at Ksh4.5 million.

alternatetext

The Investment sector had shares worth Ksh6.6 million traded and accounted for 3.47 per cent of the day’s turnover. Centum moved 143,000 shares valued at Ksh6.4 million at between Ksh44.00 and Ksh45.00.

Manufacturing and Allied sector had shares worth Ksh29.9 million transacted which represented 15.70 per cent of the day’s traded value.

B.A.T moved 20,000 shares valued at Ksh14.6 million at fairly stable price of Ksh730.00.

East Africa Breweries down one shilling to Ksh252.00 moved 50,000 shares worth Ksh12.6 million.

Telecommunication Safaricom, the only trading telco, had 1.9 million shares valued at Ksh62 million transacted at between Ksh31.50 and Ksh32.25. This represented 32.58 per cent of the day’s traded value.

The NSE 20 share Index was down 10.95 points to stand at 3809.86. All Share Index (NASI) shed 1.80 points to stand at 193.06. The NSE 25 Share index lost 28.28 points to stand at 4964.11.

 

Tags: B.A.TBarclays bankBritam HoldingsCentumEast Africa BreweriesEquity Group HoldingsKCB GRoupKengenKenya Power and LightingNairobi Securities ExchangeSafaricom

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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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