NSE

Cooperative Bank records a 1.6 per cent rise in 5.5 million shares at NSE

Cooperative Bank came second with 5.5 million shares at 0.15 dollars, a rise of 1.6 per cent while Kenya Commercial Bank followed with 2.3 million share

It was quite a sluggish start of the week for the Nairobi Securities Exchange (NSE) as a loss of transaction took place. Posted on Friday were 28 million shares worth $7.9 million that were transacted down from 35 million shares valued $11 million.

Safaricom, Kenya’s leading telecom, moved 13 million shares at unchanged price of $0.24 to end the session as the top traded stock. The telecom had moved 7.4 million session in the previous session.

Cooperative Bank came second with 5.5 million shares at 0.15 dollars, a rise of 1.6 per cent while Kenya Commercial Bank followed with 2.3 million shares traded at $0.40, a drop of 0.6 per cent.

Electricity generator KenGen was fourth during the trading session after moving 1.4 million shares at 0.08 dollars, an increase of 3.7 per cent. Equity Bank closed the list of the top traded stock after moving 1.1 million shares at 0.40 dollars, a marginal decline.

NSE 20 Share Index dropped 1.1 points to close at 3,798.63 from 3,797.53 as several large stocks went down marginally while the NSE All Share Index (NASI) was down to close at 160.01 points. Top gainers included Scangroup, Umeme and I&M Bank which gained 9.2 per cent, 9 per cent and 6 per cent respectively while losers were led by troubled supermarket Uchumi, lost 9 per cent.

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