NSE down 74 per cent at close, EABL leads day’s trading
Trading at the Nairobi Securities Exchange has opened the week on a low with equity turnover slacking to Kes 303 million from a high of Kes 1.7 billion on Friday.
The number of shares traded fell by 28 per cent to 11.1 million from 30.5 million previously.
Alcohol manufacturer, EABL, led the day’s activity with a turnover of Kes 100.3 million ahead of Equity and Absa banks whose turnovers stood at Kes 62.1 and Kes 57.9 million respectively.
In the secondary bond market, the turnover was up, increasing by 8.42 per cent to Kes 2.18 billion from Kes 2.01 billion worth of bonds traded previously.
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The number of bond deals, however, decreased to 57 from 77 recorded in the previous session.
In a bid to raise Kes 30 billion, the Central Bank of Kenya is issuing two bonds, re-opened the FXD1/2019/20 that carries a term of 17.9 years and the FXD1/2012/20 which carries an 11.4 years’ term.
The coupon rate for the bond FXD1/2019/20 is 12.9 per cent while for FXD1/2012/20 is 12.00 per cent. The period of sale for the bond ends on June 15.
The top gainers today were paint maker Crown Paints, Uchumi and Sanlam stocks whose trading went up 9.8 per cent, 8 per cent, 7.5 per cent respectively.
The shilling appreciated marginally against the greenback to Kes 107.80 compared to Kes107.90 recorded in the previous session on Friday last week.
