The positive trend was today maintained in the Nairobi Securities Exchange on both indices. The NSE 20 Share Index performance was up 10.52 points to close at 4034.07 and the All-Share Index performance was up 0.28 points to close at 89.13

HIGHEST VOLUMES

After being the 2^nd highest traded for two consecutive days, the Equity Bank counter was the most traded today, with 4.88 Million shares changing hands, compared with yesterday’s 3.56 million shares. In second place was Barclays Bank of Kenya with 4.69 Million shares. 3^rd highest traded counter for the day was Cooperative bank at 2.07 million shares, which traded at KES 12.60. In fourth place was KenolKobil with 1.11 Million shares.

COUNTER WATCH

• Safaricom Ltd – The Company’s stock maintained a price of KES 4.20 with 803,000 shares traded compared to yesterday’s top trading of 4.69 Million shares. Safaricom is expected to publish its 1H13 performance figures next month, a move that may cause varied reactions in the market due to speculation. A tax of 10% may also come to realization and affect the fees by which mobile phone users transfer money.
• Kenya Airways – the shares maintained a price of KES 12 with over 680,000 shares changing hands. The share has thus far paved its way back to KES 12 and today’s maintenance of the price might be the first of positive movements the counter will exhibit. Another reason for this could be the cheap low budget flights the airline is yet to introduce.
• Uchumi Supermarket – The counter has been resident to the top losers and top gainers in the course of the week. Today, it moved up by KES 0.15 to close at KES 18.80, a step closer to its year high of KES 20. Over 1 million shares were traded indicating that there is still high demand for the stock despite a fall in profits.