KCB Group Takes Lead on NSE in The Last Week of November.

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    • Safaricom followed the lead after KCB Group at 2.24 million shares with a market capitalization of Ksh 1.28 trillion.
    • According to the Nairobi Security Exchange, the banking sector registered minimum profits with other companies recording as much as 60 percent decrease in profits.
    • East African Breweries and Equity Bank managed 827,100 and 669,500 having a market capitalization of Ksh. 112.57 and Ksh. 134.15 billion respectively. 

KCB Group is considered as top mover after being able to sell 4.41 million shares with a market capitalization of Ksh. 118.25 billion within the last week of November.

Safaricom followed the lead after KCB Group at 2.24 million shares with a market capitalization of Ksh 1.28 trillion, East African Breweries and Equity Bank managed 827,100 and 669,500 having a market capitalization of Ksh. 112.57 and Ksh. 134.15 billion respectively. 

While these 4 companies dominated the top 4 positions, The East African Portland Cement took the lead as a top loser with a loss of 7.69 percent pricing at Ksh. 12.00 per share, Flame Tree Group following with 7.09 percent at a price of Ksh. 1.31 per share.

Also Read: – CENTRAL BANK OF KENYA FOREX RESERVES RECORD THE LOWEST DROP SINCE MAY 2020.

Other listed losers by the Nairobi Security Exchange, NSE, include the Sanlam Kenya and Olympia Capital who both closed the day at 5.17 and 5.58 percent – pricing at Ksh 11.00 and Ksh. 2.20 respectively.

WPP Scan Group closed the top loser index by losing 3.54 percent pricing at Ksh. 6.00 per share.

Despite the coronavirus waves, Nation Media Group and Sameer Africa managed to gain 3.23 and 2.91 percent at the price of Ksh. 16.00 and Ksh. 3.18 respectively.

Diamond Trust Bank was not left behind making a profit of 2.77 percent at a price of sh65.00 per share.

According to the Nairobi Security Exchange, the banking sector is among the companies that have registered minimum profits with others even recording decreased profits as much as 60 percent because of loan defaulters and the effects of the Covid-19 pandemic.

Kenn Omollo is an investment writer and a business management consultant at Joon Online Limited. Reach him at - kenn@joon.co.ke

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