Safaricom has continued dominating the Nairobi Securities Exchange (NSE) as the top mover. On Wednesday, the telecommunications giant moved 13.89 million shares with a market capitalization of 1.32 trillion shillings.
The second top mover of the day was Equity Group who sold 8.55 million shares with a market capitalization of 133.21 billion shillings. It is only Safaricom and Equity who sold shares above a million on Wednesday.
The ailing Kenya Power and Lighting Company sold 936,300 shares with a market capitalization of 2.71 billion shillings followed by Kenya Electricity Generating Company with 272,600 shares with a market capitalization of 29.74 billion shillings.
Nairobi Business Ventures closed the top 5 movers’ table with 133,600 shares with a market capitalization of 2.56 billion shillings.
Home Afrika carried the day as the top loser on Wednesday. The company lost 5.00 percent at the price of 0.38 shillings per share followed by Carbacid Investments with a loss of 4.30 percent at the price of 12.25 shillings per share.
ABSA Bank Kenya and Olympia Capital lost 4.29 and 3.04 percent at the price of 9.36 and 2.23 shillings per share respectively. Nairobi Business Ventures lost 2.26 percent at the price of 5.20 shillings per share.
The top gainer of the day was Liberty Kenya with 7.92 percent at the price of 7.36 shillings per share followed by East African Portland Cement with a gain of 7.27 percent at the price of 11.80 shillings per share.
Diamond Trust Bank and Eveready East Africa gained 6.48 and 2.80 percent respectively at the price of 65.75 and 1.10 shillings per share respectively. WPP ScanGroup gained 2.03 percent at the price of 6.04 shillings per share.
The second wave of Covid-19 sweeping across the country has started sending shivers down the spines of investors who are afraid that the economy might be hit harder than during the first wave. Already countries such as France and the UK have imposed lockdowns to cut down on the spread of Covid-19.
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