MAY 25, 2018: BARCLAY'S BANK PACES VOLUME AT NAIROBI SE

On Friday, May 25 2018, 
Barclay's Bank paced traded volume with deals for 19.96m shares that shot up total number of its shares exchanged within the week to 37m worth Ksh 440m.

Barclay's stayed firm through the day but ended pushing up traded value in the banking sector to Ksh 1.6bn within the week or 48.12% of the market's Ksh 3.88nn for the week.

Equity group, down Ksh 1 per share within the day and by 3.02% for the week, recorded deals for 1.85m shares May 25 bringing its all week total to 8.8m shares valued at Ksh 437m.

However, the pace setter in value terms for banking within the week was KCB Group which recorded deals for 560,000 units on May 25 bringing its total for the week to 11.4m shares traded at between Ksh 46 and 50.50 per share worth Ksh 539m.

Safaricom recorded deals for 8.862m shares on Friday bringing its total volume to 36.9m shares traded at between Ksh 28.50 and 29.75 per share valued at Ksh 1 bn or 31.8% of market total.

Other major deals on Friday May 25 were in Ken Kobil as 1.134m shares changed hands bringing all week total to 3.1m shares traded at between Ksh 18.15 and 19.60 per share for Ksh 61.8m and 1.125m shares traded in Kenya Power and Lighting bridging week long total to 6.89m valued at Ksh 46m.

Britam Holdings in the insurance sector witnessed deals for just 220,000 units May 25 but it brought all week volume to 16.2m shares traded at between Ksh 13.50 and 19.60 per share worth Ksh 235m.

Total number of shares traded within the week came to 167m worth Ksh 3.88bn compared to 97.9m shares worth Ksh 3.3bn in the previous week.

For the third day, the All share index closed down but this time by 1.19points or 0.6% to 175.37 compared to only 0.48 points or 0.27% decline the previous day.

There were 21 price drops as against 12 gains with top drop being Ksh 4 per share decline in East African Breweries followed by Ksh 3 per share drop by Diamond Trust Bank and Ksh 2.50 per share decline by Car & General as it recorded only crossed deal for 100 units.

On the other hand, lead price gain was by Unga Group, up Ksh 1.25 per share followed by Sanlam Ltd with Ksh 1 per share top up.

On May  25, traded value at the bond market rose to Ksh 2.565bn in 36 deals compared to Ksh 1.456bn in 38 deals previously.

But in spite of this all week traded value came to Ksh 9.4bn as against Ksh 11.9bn the previous week.

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