NSE Report
The Market improved further from yesterday's performance with the indicators - NSE 20 Share Index gaining 0.07 points to stand at 3,101.19 points and NSE 25 Share Index and NASI went up 0.98% and 1% to 3,524.12 points and 132.63 points respectively. Market Capitalization (total market value) increased by 1.00% to KES 1,925.17Bn from KES 1,906.08Bn mainly due to foreign investments in Equity and Safaricom.
Volumes traded also went up by 81.41% to 31.42Mn and turnover (total trading for the day) increasing by 108.16% to KES 707.24Mn from KES 339.76Mn yesterday. The highest traded stock - KCB - dominated 67.67% of the day’s trades.
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Banking Sector Performance
The Banking Sector index rose 1.03%. The sector saw only one counter decline as Co-op lost 0.36% to close at KES 13.95. KCB Group was the greatest mover managing to trade 14Mn shares worth KES 478Mn to close at KES 34.00. NIC gained 1.71% with shares worth KES 10.43Mn changing hands and closing at KES 29.75. Equity also saw a price gain due to high demand from foreigners. The counter gained 1.48% to KES 34.25.
In the Energy and Petroleum Sector, Kenol Kobil emerged among the biggest movers of the day dominated by foreigners at 98.61% as net sellers. The group saw a 0.39% increase in its market value to KES12.80 actively moving shares worth 103Mn.
Bonds
The bond market saw a decline in activity with 19 deals compared to 21 deals in the previous session. Bond turnover dipped by 37.86% to settle at 1.60Bn from 2.58Bn.
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