Pan Africa Insurance Company Ltd was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 9.40% to end the day at KES 81.50. This was a KES 7.00 gain in share price.

Higher returns in the insurance sector and growing middle class are attracting more foreign companies into Kenya, ready to deepen their entry into the local market. The last two years have seen increased mergers and acquisitions between local and foreign companies. “A number of factors are into play as to why the local insurance is experiencing higher developments. Foreign companies are interested in investing in the local market, owing to sound economic growth the country has been registering,” said Association of Kenya Insurers Executive Director Tom Gichuhi.

Read full story at: https://abacus.co.ke/live/company/PAFR/news

Total Kenya Ltd closed the day as the worst performing share registering a drop of 9.68%. The counter closed with a share price of KES 21.00 which was a KES 2.25 drop in share price.

Safaricom Limited was the most traded share in the exchange today. It traded 8,625,000 shares which was 34.2% of all trades in the market.

The winners:

The other top gainers were: Boc Kenya Ltd (BOC), British-American Investments (BRIT),   Sasini Ltd (SASN) and  Barclays Bank Kenya Ltd (BBK). Each closed at KES 129.00, 22.75, 16.00 and 15.70 respectively.

The losers:

The counters that shed the most value were: Total Kenya Ltd (TOTL),  Crown Paints Kenya Limited (BERG), Eveready East Africa Limited (EVRD), Sameer Africa Limited (FIRE) and I&M Bank (I&M). They ended the day at KES 21.00, 155.00, 4.00, 5.25 and 116.00 respectively.

Most shares traded:

These were: Safaricom Limited (SCOM), Centum Investment Company Ltd (ICDC), Kenya Commercial Bank Ltd (KCB), Mumias Sugar Company Ltd (MSC) and The Co-operative Bank of Kenya Ltd (COOP).

Indices

Both the NSE All-Share Index and the NSE 20 Share Index depreciated today. They by dropped by -1.34 (-0.82%) and -5.17 (-0.11%) respectively.