The NSE 20 Share Index today dropped 1 percent from the year’s high down to 3,860.41 points from 3,899.62 points on Friday while the All Share Index also declined by 0.86 percent to 85.16 points from  85.90 points last week.

[caption id="attachment_19525" align="alignleft" width="340"] Source: FILE[/caption]

HIGHEST VOLUMES

EABL were the most traded shares with 5.92 million shares while KenolKobil were second with 3.12 million shares. Mumias Sugar were third most traded with 2.27 million shares down from 7.14 million on Friday while fourth were Safaricom with 2.05 million shares across up from 1.11 million on Friday. KCB shares were fifth most traded with 1.11 million shares down from 1.65 million shares yesterday.

COUNTER WATCH

KenolKobil – The share was the biggest loser at the stock market today, dropping 9.27 percent to close at KES 13.70 compared to KES 15.10 on Friday. The share was also the second most traded with 3.12 million shares which most likely indicates high selling activity on the back of the petroleum’s 3.8 billion shilling loss posted on Friday.

Safaricom – The shares edged 5 cents higher to close at a new high of just over one and a half years at KES 4.05. Since July the shares have traded above the 3.5 shilling mark from below that in the six months to June. The shares were the fourth most traded shares with 2.05 million shares changing hands.

Nation Media Group – The shares gained one shilling to close at their new 3 year high of KES 206; topping Friday’s closing high of KES 205. They have gained since mid-August from a range below 175 shilling per share to prevail at the 200 shilling range since late last month on the back of a growth in half year earnings.