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Trade at the NSE boosted by improved half trading results

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By TF News Reporter

The banking sector dominated trade during the week where all capital markets performance indicators recorded improvement.Banks have posted good half year resultsBanks have posted good half year results

Equities turnover rose by 70.5 per cent, while the bonds turnover rose by 29 per cent. All equities and bonds indices rose, signifying increase in share prices as listed companies released second quarter results.

Equities Market

The NSE 20 Share Index closed the week at 4,801.03 points up from last week’s 4,781.40 point while. NASI rose to 123.55 points from 123.03 points recorded on August 1.

Similarly, market capitalization that measures shareholders’ wealth increased by 0.4 per cent to Sh1, 737.10 billion from Sh1, 729.87 billion.

Equity turnover increased by 70.5 per cent, to Sh3, 024.39 million due to higher share prices as volumes traded declined.

The banking, telecommunications and technology, and energy and petroleum were the top three most active sectors, transacting 31.46 million shares or 40.24 per cent; 27.40 million or 35.05 per cent and 9.73 million shares or 12.45 per cent of all shares traded, respectively.

Safaricom, CfC Stanbic and KCB were the three most active counters with 27.40 million shares, 11.96 million and 7.75 million shares traded, respectively. Growth Enterprise Market Segment (GEMS) had the lowest shares traded at 48,500.

The biggest closing and average price gain for the week was for Jubilee Holdings and Diamond Trust Bank at Sh2 and Sh3 per share, respectively.

The biggest closing and average price losses was for Carbacid Investments at Sh10 and Sh7.5 per share, respectively. Of the 54 active counters, 20 had average price gain in the week.

The FTSE NSE Kenya 15 Index, which measures stocks performance of 15 largest companies by market capitalization, increased to 161.04 points from 160.15 points previously.

The FTSE NSE Kenya 25 Index, which measures 25 most liquid stocks at NSE, closed higher at 164.77 points from 163.93 points of last week. But the FTSE NSE Bond Index declined to 93.90 points from 94.83 points as trading yields rose.

Bond Market

Bonds trading activity increased by 29.02 per cent in turnover, to Sh6, 637.25 million from Sh5,144.30 million in the previous week. Corresponding deals rose to 94 from 93 recorded in the previous week.

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