NSE: Safaricom moves KES313m shares as Sameer, Total, Transcentury lose big

March 16, 2021 Newsroom

In a day that saw bonds worth KES3.3 billion transacted, telecommunication giant Safaricom was the biggest market mover at eight million shares valued at KES313 million transacted at between KES37 and KES38 a piece. This represented 46.38 per cent of the day’s traded value.

The Nairobi Securities Exchange (NSE) market turnover closed the day at KES675 million from previous session of KES458 million. The NSE 20 share Index was down 3.68 points to stand at 1922.70.

The biggest gain was recorded at Liberty Kenya Holdings counter that gained 6.6 per cent to close at KES9.32 from KES8.74 per share previously. Leather shoes and accessories company, Nairobi Business Ventures, gained 6.3 per cent to trade at KES4.4 apiece. Other top gainers today were Rwanda’s largest lender, BK Group, and Stanbic Bank.

Losing pack

Auto tyre importer Sameer led the losing pack, shedding 8.57 per cent to trade at KES3.5 per share, with Longhorn publisher following closely losing 8.39 per cent to close the day at KES4.65 per share.

Oil marketer Total lost 7.2 per cent of its share value closing the day at KES3.5 per share while troubled retail chain Uchumi shed 7.1 per cent to trade at 28 cents. Infrastructure company Transcentury also made it to the top five counters in the red in today’s trading losing 5.83 per cent to close at KES1.20.

Banking

The banking sector led today’s trading activity with shares worth KES195 million transacted, accounting for 28.9 per cent of the day’s value.

KCB Group moved two million shares valued at KES81.7 million at between KES39.6 and KES40.5 per share while its rival, Equity Group Holdings counter moved two million shares valued at KES80.7 million closing the day at KES40.05 apiece.

I&M Holdings moved 569,000 shared valued at KES24 million albeit with the price per share remaining flat at KES43.

Alcohol brewer, EABL, moved 726,000 shares worth KES127 million at a fairly stable price of KES175 per share effectively helping the manufacturing and allied sector to transact shares worth KES128 million and account for 19.02 per cent of the day’s activity.

The insurance sector had shares worth KES29 million transacted accounting for 4.34 per cent of the day’s traded value with regional insurance firm Britam Holdings trading 2.5 million shares valued at KES18 million. Jubilee Holdings moved 39,000 shares valued at KES10.7 million.