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12 firms dominate 97% of NSE turnover



At the close of trading at the Nairobi Securities Exchange (NSE) on June 4, the bourse saw two sectors dominate once more.

During the previous trading session, the banking sector and the telecommunication sector had contributed 95% of the day’s traded value.

On June 4, the two sectors again ruled the roost at the NSE, this time with its dominance rising to 97%.

The Banking Sector consists of 11 firms, whereas the telecommunication’s sole company is Safaricom.

It thus means that as the bourse breaks for the Eid-Al-Fitr holiday in Kenya, the NSE’s 30-hour close of business has two sectors dominating almost all of the day’s turnover.

Of the 12 firms, the day’s biggest mover was Safaricom.

At 6.8 million shares, the giant telco moved shares worth Ksh190 million. It ended the day’s trading at a share price of Ksh27.70.

The bank that moved the most volume of shares — in turn ending up as the day’s second highest mover — was Equity Group.

Equity Group’s 4.6 million shares were valued at Ksh182 million on the day, changing hands at between Ksh39 and Ksh39.75. It ended the day at a stock price of Ksh39.45.

The massive domination of the NSE turnover by the 12 firms ended with the market turnover rising to Ksh409 million.

The previous day, it had recorded Ksh390 million on 14.8 million shares.

At the bonds market, bonds worth Ksh2.3 billion transacted.

NSE’s market indices also registered positive gains.

  • All Share Index NASI was up 0.62 points to stand at 151.08.
  • The NSE 20 share Index added 24.81 points to stand at 2703.33.
  • The NSE 25 Share index gained 22.38 points to stand at 3641.80.

Investor wealth at the NSE also rose from Ksh2.276 trillion to Ksh2.285 trillion.

NSE Gainers and Losers

The day’s top gainer was Mumias Sugar, which ticked upwards almost 10% to Ksh0.34.

At 9.18%, HF Group was the day’s second highest gainer, jumping to Ksh4.40.

ScanGroup and Uchumi both bumped 9.09%. ScanGroup settled at Ksh12 and Uchumi at Ksh0.48.

On the decliners tab, Standard Group slid most, shedding 8.33% to Ksh24.75.

Carbacid Investments and East African Cables both dipped, by 2.35% and 1.02%.

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