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Banks Dominate NSE as Weekly Turnover Hits KSh1.9 Billion

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 22 August 2020.

Published on August 22, 2020, the Nairobi Securities Exchange (NSE) saw the banking sector dominate trading activities in the week ending August 22, 2020.

Shares worth KSh996 million were transacted in the banking sector, accounting for 50.81% of the week's traded value.

Equity Group recorded the highest gain, with its share price increasing by 14.61% to KSh32.95, and 6 million shares valued at KSh191 million being transacted.

KCB Group's share price gained 10.15% to KSh33.65, with shares worth KSh536 million being transacted.

Co-operative Bank, however, declined by 3.23% to KSh10.50, with 11 million shares valued at KSh117.6 million being transacted.

The NSE 20 share index declined by 19.62 points or 1.13% to stand at 1723.96, while the All Share Index (NASI) added 2.29 points or 1.77% to settle at 131.75.

The NSE 25 Share index, however, rose by 73.50 points or 2.50% to stand at 3013.33.

The Derivatives Market closed the week with a total of 10 contracts valued at KSh247,000.

Turnover at the NSE closed the week with 111 million shares valued at KSh1.9 billion, compared to 69 million shares valued at KSh1.68 billion transacted the previous week.

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