Abacus Wealth Management

Local Shareholders Remain Unwavering To Bank Profits

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

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