Absa Kenya Was The Top Mover At The NSE On Tuesday

Absa Kenya was the top mover at the Nairobi Securities Exchange on Tuesday after selling 5.38 million shares with a market capitalization of 54.32 billion shillings.

The second top mover of the day was Safaricom who moved 4.83 million shares with a market capitalization of 1.28 trillion shillings.

KCB Group and the Co-operative Bank of Kenya sold 862,700 and 586,500 shares with a market capitalization of 120.50 and 67.47 billion shillings respectively.

The Kenya Power and Lighting Company (KPLC) closed the top movers’ table with 562,400 shares with a market capitalization of  3.14 billion shillings.

The top gainer of the day was the BK Group. The lender gained 9.52 percent at the price of 13.82 shillings per share followed by Stanbic Group with 4.85 percent at the price of 81.00 shillings per share.

READ: Nairobi Securities Exchange Rebounds To Top Trading On Thursday

Liberty Kenya and Total Kenya gained 3.59 and 2.91 percent respectively at the price of 7.50 and 22.95 shillings per share. Home Afrika gained 2.50 percent at the price of 0.41 shillings per share.

Trans-Century was the top loser of the day with 9.63 percent at the price of 1.22 shillings per share followed by TPS Eastern Africa (Serena) with 7.54 percent at the price of 14.10 shillings per share.

Olympia Capital and Cabarcid Investments lost 6.97 and 6.59 percent at the price of 1.87 and 8.22 shillings per share respectively. Housing Finance lost 6.45 percent at the price of 3.19 shillings per share.

READ: Here Are The Top 5 Movers, Gainers, And Losers At The NSE On Monday

Covid-19 has negatively impacted the majority of the listed companies across the country. Most of them have registered losses as they struggle to remain afloat in the face of the pandemic. The banking sector, despite a drop in losses, is striving, unlike other sectors.

Others such as Kenya Power and seem to be sinking deeper into losses with the hope of them turning back into profitability becoming an illusion with each passing day.