This archive report was first published on 26 September 2019.
Nairobi Securities Exchange (NSE) turnover retreated from a week high of Ksh1.2 billion on September 25 to post Ksh273 million at closing bell on September 26, 2019.
This marked the third time in four days that the bourse had posted a turnover of below half a billion, following low trading volumes on Monday and Tuesday.
The decline at the NSE was particularly evident in the retreat of Safaricom shares, which had been responsible for the significant jump experienced on Wednesday.
Safaricom's share price fell to Ksh27.15 after losing 40 cents, with 2.4 million shares transacted, valued at Ksh66.8 million. The mobile phone operator also moved one futures contract worth Ksh27,000, set to expire on December 19, at a price of Ksh27.01.
At the market indicators, the indices all experienced slumps, with the NSE 20 share Index down 7.85 points to stand at 2439.71, the All Share Index NASI down 1.20 points to stand at 144.50, and the NSE 25 Share index shedding 25.77 points to settle at 3461.86.
The bonds market remained fairly stable at Ksh2.5 billion.
NSE Sectors ¶
Banking
The Banking Sector had shares worth Ksh156 million transacted, accounting for 57.20% of the day's traded value. KCB Group was the day's main feature, with 2.9 million shares valued at Ksh122 million changing hands at between Ksh41.00 and Ksh42.30.
Equity Group Holdings moved 568,000 shares valued at Ksh21.5 million, closing at Ksh37.95 after a 1.04% decline. Co-operative Bank moved 328,000 shares worth Ksh3.8 million and closed at Ksh11.80.
Insurance
The Insurance sector had shares worth Ksh3.1 million traded, accounting for 1.15% of the day's traded value. Jubilee Holdings moved 6,000 shares valued at Ksh2.2 million, closing at Ksh350.00 after a 2.94% increase.
Manufacturing & Allied
The Manufacturing and Allied sector had shares worth Ksh40.8 million traded, accounting for 14.95% of the day's traded value. E.A Breweries closed the day 2.28% lower to Ksh192.50, moving 211,000 shares valued at Ksh40.7 million.
