The Nairobi Stock Exchanges closed the Equities market with the week on week turnover rising to Sh3.3bn from the previous week’s Sh2bn. The number of shares traded stood at 128M against 75M posted the previous week.
The NSE 20 Share Index gained 90.82 points or 2.32% during the week to stand at 4010.82 points.
All Share Index (NASI) ended the week 1.47 points higher at 147.55 points.
The NSE 25 Share Index was up 63.43 points or 1.52% during the week to settle at 4236.96 points.
In the banking sector, 36.7M shares traded which accounted for 28.61% of the week’s traded volume. Equity Group Holdings was the most heavily traded counter accounting for more than half the activity with 20M shares changing hands at between Sh38.50 and Sh41.
KCB Group which just took over management of Chase Bank touched a high of Sh43.50 and a low of Sh42 on a volume of 7.2M shares. Last week KCB traded at a low of Sh42 and a high of Sh.43.25 The Co-op bank declined by 3.95% to Sh19.45 and moved 3.8M shares during the week.
The Commercial & Services Sector moved 3.5M shares, which accounted for 2.73% of the week’s traded volume.
Kenya Airways moved 3M shares during the week at between Sh4 and Sh4.50 while the construction sector moved 1.8M shares, which represented 1.42% of the week’s traded volume.
Bamburi Cement Closed the week one shilling higher to Sh189 on a volume of 949,000 shares. Athi river mining moved 544,000 shares during the week and closed at Sh32.50.
In the Energy & Petroleum Sector, 11.3M shares which accounted for 8.88% of the week’s traded volume were traded. KenolKobil actively moved 7.9M shares during the week at between Sh10.80 and Sh11. KenGen was up 10.83% to settle at Sh8.70 moving 1.3M shares.
The Insurance Sector moved 5.5M shares, which represented 4.32% of the week’s traded volume.
Britam Holdings had 3.5M shares traded during the week at between Sh11.10 and Sh13.50. Britam announced that shareholders will earn Sh580 million in dividends during the release of the group’s financial results for 2015 last week. The company made a Sh1.2 billion pre-tax loss for the financial year with the group saying on Monday that the downturn in the performance of the Nairobi Securities Exchange negatively impacted the fair value of its earnings.
The Manufacturing & Allied Sector moved 7M shares, which represented 5.45% of the week’s traded volume. Mumias Sugar saw 3.7M shares changing hands during the week at between Sh1.30 and Sh1.40.
In Telecommunication & Technology, Safaricom was the week’s biggest mover with 60M shares changing hands at between Sh16.90 and Sh17.85; this represented 46.96% of the week’s traded volume.
In the Fixed Income Securities Market Segment (FISMS), the Bond Market registered reduced activity, with bonds totalling to Sh5bn transacted compared to Sh14bn posted the previous week.