The NSE 20 Share Index closed at 3945.25, a decrease of 20.5 from yesterday’s points. The All-Share Index performance dropped by a further 0.54 from yesterday’s 87.17 points to close at 86.63. The month of October has thus far seen a general downward trend in the market’s performance as the points drop for a second day in a row.
HIGHEST VOLUMES
KCB was the highest traded counter today with 12.73 million shares traded while second was Safaricom with 10.39 million shares. Mumias Sugar Company and Uchumi Supermarket tied at 3rd with 2.88 million shares changing hands each and following them was Kenya Power wiht 1.18 million shares.
COUNTER WATCH
- Agricultural Sector – This sector had 5 active counters today with a positive price change recorded for 3 of them, which were also among the top gainers of the day; Sasini Group, Rea Vipingo and Eaagads. The increase could be attributed to the news of high international demand for Kenyan tea that could have caused speculative-based increase in demand here in Kenya. This may also go to show that the market is more sensitive to announcements pertaining to agricultural developments since the country is agrarian-based.
- Banking Sector – The sector saw an increase in share price for few banks in Kenya amongst them CFC Stanbic and Standard Chartered Bank. The latter saw its share demand amplify when they announced a rights offer with a discount of 30%. The general performance of the sector was low.