CFC Stanbic Emerges Top loser of the Day

By Soko Directory Team / May 27, 2016



CFC-Stanbic-Bank

Equity Market Highlights

Safaricom Ltd (NSE: SCOM) was the most actively traded stock today accounting for 32.53% of the total market value traded activity. Kenya Commercial Bank Ltd (NSE: KCB) also registered robust levels of activity, accounting for 25.20% of the total market turnover.

Kapchorua Tea Co. Ltd (NSE: KAPC) capped the gainers list, advancing by 4.38% to close the day at KES 83.50. Mumias Sugar Company Ltd (NSE: MS) surged by 3.85% to close the day as the second best performer at KES 1.35.

CFC Stanbic Holdings Limited (NSE: CFC) emerged as the top loser of the day, slumping by 7.03% to close at KES 86.00. Britam Investments Ltd similarly lost 6.10% to close at KES 86.00.

Equities

Mellow performance was observed at the NSE as market indices turned red illustrated by lower trading levels and value of transactions. The NSE-20 Share Index contracted by 1.04% to close at 3871.74 points whilst the NSE-25 Share Index dropped down by 0.687% to perch at 4183.88 points. The Nairobi All Share Index (NASI) and market capitalization also closed in the red, at 145.78 points and KES 2,054.84 billion, respectively. Equity turnover also diminished, contracting by 66.26% by 55.07% to close at KES 184.41 million.

National Bank of Kenya declared a 33% profit loss to KES 334.6 million in the first three months of 2016 compared to KES 495 million recorded in the same period last year. Nonetheless, the Lender – which has received a lot of negative publicity after six top managers were dismissed in light of alleged mismanagement – reported a marginal extension in its customers deposits to KES 99.4 billion in 1Q16 from KES 85.3 billion in 1Q15. Meanwhile, total loans and advances contracted by 5.3% to KES 66.3 billion, whilst non-performing loans and advances stood at KES 15.1 billion. Furthermore, loan loss provisions increased significantly, further dampening prospects for the lender.


Article by Genghis Research.

 



About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

View other posts by Soko Directory Team


More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (215)
  • 2018
  • January 2018 (291)
  • February 2018 (220)
  • March 2018 (279)
  • April 2018 (226)
  • May 2018 (240)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (250)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (286)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (206)
  • July 2017 (190)
  • August 2017 (196)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (167)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (250)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (171)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950