Abacus Wealth Management

Good News All Round For Local Investors

There was a recorded increased performance from both the NSE 20-share index and the All-share index for the first time this week. Good news all round for investors whether they had a diversified portfolio or one focused on a few shares. The All-share index closed at 92.66 points, up 0.30 from yesterday’s points. The 20-share index followed suite to close at 4160.49, up 2.90 points from yesterday.

HIGHEST VOLUMES

Safaricom was the highest performer for the third successive day with a total of 18.08 million shares changing hands, up 6 million from yesterday. Kenya Power took second place with 6.51 million shares trading over the counter. CIC insurance group beat other insurance companies to trade 1.72 million shares, giving it the third spot. Right behind them (at fourth place) was Co-operative Bank with 1.41 million shares changing ownership.

 

COUNTER WATCH

On a side note, Kenya Airways shares have picked up quite fast from their performance right after the announcement of their half year results. The loss of KES 4.8 Billion seems not to deter their attitudes but instead has fuelled their faith. It closed at KES 12.25 and traded over 99,000 shares.

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