3rd April 2017 Kenya NSE Market Report

General Market Performance

The market opened the week with mixed performances across the indices. NSE 20 Share index dropped by a margin of 0.20% dragged by both Kengen and KCB which stood 3.82% and 2.16% lower to settle at KES 6.30 and KES 34.00 respectively. Market turnover was in the red at KES 287.58Mn, 38.4% lower compared to Friday. Additionally, volumes slumped by 21.1% to 15.20Mn shares with Safaricom moving 73.9% of the day's trades. The counter was dominated by foreign activity at 92.40% of the turnover as the share price recovered 2.50% to close at KES 18.45.

Banking Sector Best Performing for the Day

In the Banking sector, NIC bank emerged as the top gainer by 6.60% closing on a one-month high at KES 28.25 with a total of 0.201Mn shares traded. National Bank shed its Friday's gains by 6.98% to KES 6.00. The sector moved a total 1.56Mn shares with the sector index gaining a margin of 0.20% to 66.68points.

Energy Sector Slips

The Energy sector index declined by 0.98% with Total Kenya losing 4.15% to settle at KES 19.65. On the other hand, its peer, Kenol gathered 3.25% settling at KES 12.70 with a total of 1.34Mn shares traded on the counter. KPLC held firmly at KES 6.45 with subdued volume activity on the counter.