The NSE today closed on a lower note than last week Friday. The 20-share index closed at 4147.94, down 8.05 points from last Friday and the All-share index at 92.26, down 0.33 points. Despite such wanting performance, the bourse has maintained performance over the 4000 mark for this last third of the year and still stands to perform better. Such a trend would increase investor confidence in the bourse and create high demand when it lists itself on the alternative markets segment early next year.
HIGHEST VOLUMES
Safaricom stood right at the top with an astonishing 27.03 Million shares traded at KES 4.60. Foreign investors would find this attractive as it created a positive material movement in the stock’s market capitalization. Right behind them was Equity bank with a total of 3.49 Million shares changing ownership. Mumias Sugar Company scooped third place with slightly fewer shares trading. The counter saw 3.12 Million shares traded for the day. In fourth place was Kengen with 2.69 million shares.
COUNTER WATCH
- Co-operative Bank – Contrary is expected reaction, the shareholders did not demand as high a volume of the stock. Volume traded amounted to 208,300 at an average price of KES 12.15, down from Friday’s KES 12.20. The volumes have been on a constant dip since Thursday when they traded over 1 million shares. Last week Friday saw them trade 627,500 and today less than half that amount.
- Standard Chartered Bank – There were just over 60,000 shares traded today at an average of KES 236. The run of good news last week seems to be paying off as the volume traded spiked from 3000 shares. The stock price seems to be increasing KES 1 at a time and may go past the KES 240 mark should this trend continue. The overall reaction from local shareholders however, is quite slow.