Despite the banking sector upheaval following the Central Bank’s move to place Chase Bank under receivership, the Nairobi Stock Exchange (NSE) has continued to register positive trends.
In the week ending Friday April 15, 2016, the equities week on week turnover declined to Sh2bn from the previous week’s Sh2.4bn. The number of shares traded stood at 75 million against 75.2M posted the previous week.
The NSE 20 Share Index shaved off 79.33 points or 1.98% during the week to settle at 3920.00 points.
All Share Index (NASI) shed 0.42 points during the week to settle at 146.08 points.
The NSE 25 Share Index was down 45.51 points or 1.08% during the week to settle at 4173.53 points.
In the beleaguered banking sector, 34.6 million shares were traded accounting for 46.10% of the week’s traded volume.
KCB Group was the most heavily traded counter in this sector with 14.8 million shares changing hands at between Sh42.00 and Sh.43.25. Equity Group Holdings was down 1.24% to Sh39.75 and actively moved 13 million shares. Co-op bank moved 3.9 million shares during the week and closed at Sh20.25.
In the commercial & services Sector, 3.5 million shares accounting for 4.79% of the week’s traded volume changed hands. Kenya Airways had 1.2 million shares traded during the week at between Sh4.40 and Sh.4.70. Uchumi Supermarkets closed the week 3.85% lower at Sh5 on a volume of 1.1 million shares.
The Energy & Petroleum Sector moved 4.6 million shares, which accounted for 6.14% of the week’s traded volume. KenolKobil actively moved 2.4 million shares during the week at between Sh10.10 and Sh11.00. KenGen was down 1.26% to settle at Sh7.85 moving 1 million shares.
The Insurance Sector moved 2.4 million shares, which represented 3.29% of the week’s traded volume. CIC Insurance declined to Sh5.55, down from Sh5.75 posted in previous week with 1.7 million shares realised.
Home Afrika touched a high of Sh1.85 and a low of Sh1.60 on a volume of 2.1 million shares traded in the Investment Sector which moved 2.8 million shares, which represented 3.85% of the week’s traded volume.
The Manufacturing & Allied Sector moved 4.2 million shares, which represented 5.69% of the week’s traded volume. Mumias Sugar saw 3.6 million shares changing hands during the week at between Sh1.30 and Sh1.50.
In Telecommunication & Technology, Safaricom was the week’s biggest mover with 21 million shares changing hands at between Sh16.65 and Sh17.30; this represented 28.97% of the week’s traded volume.
The Fixed Income Securities Market Segment (FISMS) saw the Bond Market register improved activity, with bonds totaling to Sh14bn transacted compared to Sh7.3bn posted the previous week.