This archive report was first published on 2 July 2019.
On July 2, 2019, the Nairobi Securities Exchange (NSE) saw a slight increase in bourse turnover, with Safaricom remaining steady at Ksh28.15.
The telco's share price had traded at highs of Ksh28.30 and Ksh28.20 earlier in the day, but ultimately closed at the same price it had been at when former CEO Bob Collymore passed away on July 1, 2019.
Collymore had joined Safaricom in November 2020, and during his tenure, the company's share price had grown significantly, from around Ksh4.62 to Ksh28.15.
On the day of Collymore's funeral, Safaricom was the biggest mover at the NSE, with 7.9 million shares valued at Ksh224.7 million traded.
The increase in market turnover was also notable, with the bourse posting Ksh375 million, up from the previous session's Ksh222 million.
The banking sector also saw significant trading, with shares worth Ksh98.7 million transacted, accounting for 26.27% of the day's traded value.
Other notable movers included I&M Holdings, KCB Group, and Co-operative Bank.
At the indices tab, all indicators closed in positive territory, with the All Share Index NASI up 0.12 points to 150.13, the NSE 20 share Index up 0.31 points to 2653.09, and the NSE 25 Share index up 3.64 points to 3604.73.
The Bond market also saw an increase, with bonds worth Ksh2.9 billion transacted, up from the Ksh1.9 billion posted previously.
Market capitalisation, which measures investor wealth, also bumped upwards to settle at Ksh2.286 trillion.
