The Most Traded Shares of the Day

The ‘most traded shares’ segment of the NSE today was dominated by 5 companies.

Safaricom Limited led others with the total volume of 9,798,000 closing with 49.69 percent of all the shares traded.

Kenya Commercial Bank came second as the most traded share on the market with the total volume of 2,292,400 registering a percentage of 11.62 of all the shares traded.

Equity Group Holdings Limited, despite being out of the gainers for the day, it had a slot in the most traded shares with a total volume of 1,040,500 closing the day with 5.28 percent of all the shares traded today.

CFC Stanbic Bank came in fourth posting the total volume of 903,200 and registering a total percentage of 4.58 of all the shares traded.

The Co-operative Bank closed the doors on the top five most traded shares of the day by registering 4.38 percent of all the shares traded with a total volume of 864,700.

At the same time, the Central Bank of Kenya (CBK) has announced that it bonds that are 2 years and ten years. In a statement, the CBK has announced that bids for the bonds will be received between the 5th of January and the 19th of January and that the auction will take place on the 20th of January. According to the CBK, the bonds that are two years will have a market determined coupon rate and those of ten year paper will have a 12.371 percent coupon.

At the close of business today, the shilling has remained stable against the dollar and economic analysts are hopeful that the trend will continue for the coming days. Today, by 4 PM Kenyan commercial banks quoted the shilling at 102.15/20 stronger than Monday when the shilling was quoted at 102.20/30.

Article by Juma Fred.