The market rebounded to post all green across the board. NSE 20 Share Index advanced by 19.15 points to close at 2,964.48 points, boosted by 10 representative counters gaining, led by a 5.79% rise in Sasini Limited, compared to four that lost. NSE 25 Share Index was 0.04% higher at 3,237.97 points. NASI gained 0.22% boosted by a gain in 22 counters vies a vie 12 that dropped. The price improvement helped Market Capitalization recover KES 3.98Bn to KES 1,811.90Bn.
A traded of 10.16Mn and 9.93Mn shares in Kengen and Safaricom helped push volumes to a high of 34.20Mn from 16.40Mn traded yesterday. Turnover improved by 87.11% to KES 579.84Mn from KES 303.89Mn driven by increase in volumes and superior prices.
Banking sector saw in improvement in activity with 10.81Mn shares exchanging representing 31.60% of day’s volumes. Equity Bank was the day’s top sector mover with 6.51Mn shares traded at a non-moving price of KES 27.00. Standard Chartered was the highest gainer, advancing 4.19% to KEs 199.00 from KES 191.00 on 0.12Mn shares. DTB and NIC both lost 0.93% to close the day at KES 106.00 and 26.75 respectively. BBK is expected to announce its FY-2016 results tomorrow while Stanbic Holding will be realizing the results on Friday February 24th.
Insurance sector index eased 0.89% due to 3.64%, 2.33% and 0.81% decline in Sanlam Kenya Holding, Kenya Re and Liberty Kenya which closed at KES 26.50, 18.90 and KES 12.30 respectively. The sector had CIC Group gain 2.94% with Britam up 2.42%.
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