INDICES

The NSE 20 Share Index is today down 1.01 percent to 3,792.22 points from 3,831.01 points previously while the All Share Index is also down, closing at 83.13 points having declined 0.87 percent since last week’s 83.86 points.

[caption id="attachment_16413" align="alignleft" width="426"] Source: FILE[/caption]

 HIGHEST VOLUMES

Equity Bank was today the most traded share with 2.85 million shares traded down from 5.44 million shares on Friday while Safaricom was second with 1.03 million shares down from 10.29 million shares at the end of last week. CIC Insurance Group was third most traded with 1.01 million shares while Barclays Bank was fourth with 864,700 shares. The fifth most traded share was KCB with 727,400 shares moving across the counter from 1.52 million shares on Friday.

COUNTER WATCHLIST

• Standard Group – The share saw no further drops today and closed at the same price as Friday at KES 22.50 despite the media company posting a 45 percent drop in pre-tax profit for the six months to June this year to 150.7 million shillings from 274.5 million in the same period last year. On Thursday the share had one of its biggest one-day drops of this year that saw it lose 2 shillings and 25 cents down to KES 22.75 per share.

• CFC Stanbic Holdings – Despite the financial services company unveiling a 36 percent rise in pre-tax profit for the six months to June from the same period last year, the share closed today at Friday’s price of KES 43.75 per share. CFC Stanbic Holdings is the parent company of CFC Stanbic Bank and CFC Stanbic Financial Services.

• Total Kenya – The share closed at the same price as Friday at KES 17.35.This month the share has been trading at its highest range of the year, remaining above 16 shillings per share and hitting this year’s highest of KES 17.40 less than two weeks ago.