The positive trend was maintained at the start of the last week of October on both indices. The NSE 20 Share Index performance was up 19.71 points to close at 4053.79 and the All-Share Index performance was up 0.38 points to close at 89.51

HIGHEST VOLUMES

Equity Bank took the spot of top performer by volume for the 3^rd consecutive trading day having had 6.03 million shares changing hands today; up from last Friday’s 4.8 million. In second place was Kenya Commercial Bank with 4.44 Million shares. 3^rd highest traded counter for the day was Cooperative bank for a second consecutive day at 3.71 million shares, which traded at KES 12.60. In fourth place was Mumias Sugar Company with 2.06 Million shares.

COUNTER WATCH

• KCB – The counter maintained a stock price of KES 28.75, and was the second most traded shares with 4.44 Million shares changing ownership. The demand for the share could be a result of the 3 awards they received in the Think Business Capital Markets awards where they were dubbed the best performing NSE 20 share Index Company of the year (steady increase from KES 17 to KES 28), second position lead custodian and best quoted company of the year.
• Britam – The stock also maintained its Friday price and closed at KES 6.30. There has been no volatility to the news of the company’s prize winning in the Capital Markets ceremony. Britak is currently re-branding to Britam and thus far own 33% of the market in Kenya.
• NIC Bank – The share closed at KES 35, a better performance than Friday. The quantity traded fell by nearly 75% to just over 11,000. The investment company also scooped awards last week as; Best lead transaction adviser and first runners-up investment bank of the year. Local investors however, did not take to high demand as opposed to the KCB shares.