INDICES

The NSE 20 Share Index today marginally dropped 0.24 percent to 3,865.76 points from 3,875.11 points yesterday while the All Share Index dropped 0.25 percent to 84.66 points 84.87 points yesterday.

[caption id="attachment_18510" align="alignleft" width="401"] Source: FILE[/caption]

HIGHEST VOLUMES

Safaricom shares were today the most traded with 4.50 million shares while KenolKobil were second with 2.65 million shares. Mumias Sugar were third with 2.01 million shares up from 1.47 million shares yesterday while fourth were KCB with 1.04 million shares down. Equity Bank were the fifth most traded share with 574,800 shares across the counter down from 1.85 million shares yesterday.

COUNTER WATCH

• NIC Bank Rights – For a second consecutive day, the NIC Rights were the top gainers at the NSE after gaining 20.6 percent to close the day at KES 9.95. Today was the final day for NIC shareholders not wishing to take up their rights to either sell them at the stock market or transfer them to closely affiliated parties. This deadline could have made met market demand for NIC Rights thus driving up their price.

• Barclays Bank – After closing at a high of KES 14.80 yesterday, the shares dropped 15 cents to close the day at KES 14.65. The shares have rallied this year, gaining 24 percent on their price since early January. Barclays is Kenya’s fourth most profitable bank having earned 6.3 billion shillings in the six months to June this year.

• British American Investments – The shares continued their decline by losing 5 cents to close the day at KES 5.80. This marks the second consecutive day that the shares have fallen since hitting this year’s high of KES 6.00 on Wednesday.