INDICES

The NSE 20 Share Index today gained 0.09 percent to 3,842.38 points from 3,839.1 points while the All Share Index fell to 83.91 points from 83.84 points yesterday.

[caption id="attachment_18099" align="alignleft" width="395"] Source: FILE[/caption]

HIGHEST VOLUMES

Safaricom shares were today the most traded with 8.1 million shares up from 1 million shares yesterday while Barclays were second with 2.27 million shares. CIC Insurance share were third with 1.94 million shares across the counter up from 1.04 million yesterday while fourth were Cooperative Bank with 1.42 million shares up from 812,700 shares yesterday. Kenya Power was the fifth most traded with 823,500 shares.

COUNTER WATCH

• Pan Africa Insurance Holdings – The share was today the top gainer at the NSE after gaining 3 shillings to close at KES 39. Yesterday the Insurance Group released half year earnings, recording a 131 percent growth in pre-tax profit to 220.5 million shillings from 73 million shillings last year. The higher earnings look to have positively affected the share.

• NIC Bank Shares – The shares remained at KES 32 which has been their closing price since Friday last week. The just commenced Rights Issue is expected to dilute the price of NIC shares when the 98.7 million new shares are finally listed at the NSE in October.

•  Mumias Sugar – Mumias today lost 15 cents to KES 6.40 from KES 6.55 yesterday. The share had looked to be on a recovery path after a drop last week that closed the share at a two-month low of KES 6.35 on Friday.