Banks Shares Hit a Rare Mark as Safaricom Nears All-Time High

Stock market turnover at the Nairobi Securities Exchange (NSE) rose to Ksh529M million from the previous session’s Ksh407 million

The Banking Sector had shares worth Ksh199M transacted which accounted for 37.60% of the day’s traded value. KCB Group actively moved 3.2M shares valued at Ksh166M at between Ksh51.50 and Ksh53.00. Equity Group Holdings remained unchanged at Ksh51.00 moved 373,000 shares worth Ksh19M. Standard Chartered Bank moved 32,000 shares worth Ksh6.69M and closed at Ksh204.75.

The Energy & Petroleum sector had shares worth 4.9M traded & accounted for 0.93% of the day’s traded value. KenGen unchanged at Ksh5.60 moved 750,000 shares worth Ksh4.1 million. Analysts don’t see much activity in this counter perhaps until results are released and dividends declared.

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