This archive report was first published on 28 November 2019.
As the third-quarter earnings of banks continue to drive momentum, banking stocks have dominated trading activity at the Nairobi Securities Exchange (NSE) in terms of volumes and values traded.
According to data, Equity Group Holdings Plc recorded the highest volume of 4.7 million traded shares, followed by Safaricom Plc with 3.81 million shares, I&M Holdings Plc with 1.66 million shares, and KCB Group Plc with 1.1 million shares.
For the past two weeks, banking stocks have been the most attractive to investors, with significant trading volumes and values recorded at the NSE. In the week ending November 15, 2019, the banking sector had shares worth KSh.1.3 billion transacted, accounting for 50 percent of the week's traded value.
Equity Group Holdings was the most actively traded counter, with 9.4 million shares valued at KSh.454 million changing hands at between KSh.46.50 and KSh.49.00 per share. KCB Group was up 0.70 percent to KSh.50.25 per share and moved 8 million shares valued at KSh.415 million.
On November 22, 2019, the banking sector had shares worth KSh.897 million transacted, accounting for 35 percent of the week's traded value. Equity Group Holdings was up 2.5 percent to close the week at KSh.48.65 per share, with 11 million shares valued at KSh.532 million traded.
As of November 27, 2019, the banking sector saw shares worth KSh.193 million transacted, accounting for 40 percent of the day's traded value. Equity Group Holdings actively moved 2.3 million shares valued at KSh.115 million, changing hands at between KSh.49.00 and KSh.50.25 per share.
