NSE turnover sheds 15 per cent to Sh394 million

The Nairobi Securities Exchange (NSE) recorded a 15 per cent drop in Equity turnover to KES394 million from KES466 million on Friday with 10.5 million shares traded from 14.9 million shares previously.

Telecommunications firm, Safaricom, kept a stranglehold on the session’s activity with its counter moving 3.3 million shares or an equivalent 31.4 per cent of market activity on Monday, April 12. The company’s shares changed hands at between KES36.30 and KEs37 a piece at the NSE.

The banking sector had shares worth KES190 million transacted which accounted for 48.41 per cent of the day’s traded value.

Equity Group Holdings moved 1.3 million shares valued at KES52 million at between KES37.30 and KES38.50.

Read also: US: Do not travel to Kenya due to Covid-19 surge

Bank of Kigali Group was up 4.17 per cent to KES25 per share moving 1.5 million shares valued at KES37.5 million. Stanbic Holdings remained unchanged in April 12 trading at KES83.00 and moved 400,000 shares valued at KES33 million.

In the investment sector, shares worth KES2.7 million were transacted accounting for 0.70 per cent of the day’s traded value.

Regional investment company, Centum, moved 170,000 shares valued at KES2.7 million at between KES15.90 and KES16.50 apiece.

The Manufacturing and Allied sector saw shares worth KES73.9 million transacted, accounting for 18.76 per cent of the bourse traded value at the start of the week.

East Africa Breweries moved 383,000 shares worth KES63 million at a fairly stable price of KES165.75.

Cigaretter maker BAT moved 21,000 shares valued at KES10 million and closed trading at KES470.75 per share.

The shilling appreciated against the greenback to trade at KES107.29 in contrast to KES107.97 during the previous session. The shilling has remained under pressure since mid-March last year, when the country reported its first case of COVID-19.