Safaricom Back As Top Mover On Tuesday At The NSE

By Juma / July 15, 2020 | 8:46 am



Kenyan Stock Market Exhibited a Downward Trend in October top Safaricom Plc Top

Giant telecommunications company, Safaricom was the top mover of the day on Tuesday at the Nairobi Securities Exchange (NSE). The telecom sold 19.23 million shares at a market capitalization of 1.08 trillion shillings.

Kenya Power and Lighting Company was the second top mover of the day with 3.30 million shares with a market capitalization of 3.79 billion shillings. The company comes after the whole of the board of directors resigned on Monday evening.

Absa Bank Kenya sold 1.38 million shares with a market capitalization of 50.08 billion shillings. Equity Group and WPP ScanGroup sold 662,200 and 496,800 shares respectively with a market capitalization of 128.30 and 8.64 billion shillings respectively.

The top gainer of the day was PTS Eastern Africa (Serena). The company gained 9.92 percent at the price of 13.85 shillings per share.

Trans-Century gained 9.80 percent at the price of 2.24 shillings per share followed by Kenya Re-insurance with 5.96 percent at the price of 2.31 shillings per share.

READ: COVID-19 Slows Demand On Kenyan Tea Globally As Production Hikes

The East African Cables gained 5.53 percent at the price of 2.10 shillings per share. Jubilee Holdings closed the to 5 gainers’ table with 4.80 percent at the price of 240.00 shillings per share.

Nairobi Securities Exchange seems to be on a losing spree. The bourse has remained among the top losers categories for two consecutive days. On Tuesday, it lost 8.33 percent at the price of 6.60 shillings per share.

Centum Investments Company lost 4.35 percent at the price of 23.10 shillings per share followed by Express with a loss of 3.02 percent at the price of 4.17 shillings per share.

Bamburi Cement lost 2.62 percent at the price of 26.00 shillings per share. Despite being the top mover of the day, Safaricom PLC was among the top 5 losers of the day with 2.00 percent at the price of 26.95 shillings per share.

READ: Best And Worst Performing Stock Exchanges In Africa 2019





About Juma

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it.(020) 528 0222 or Email: info@sokodirectory.com

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