NASI falls 0.78% as Construction and Automobiles sectors lead declines
The NSE All-Share Index closed at 248.98, down 0.78%, with breadth tilted negative at 20 gainers against 30 losers of 56 counters traded. Turnover stood at KES 1.01bn on 16,350 trades, dominated by Equity Group (EQTY) at KES 363.8m, KCB Group (KCB) at KES 134.96m and Diamond Trust Bank (DTK) at KES 103.15m. Construction and Allied fell 4.58% and Automobiles and Accessories dropped 4.42%, while Insurance gained 2.24% and the Agricultural sector added 0.25%. Foreign investors were net buyers at KES 5.2m, 17.8% of turnover, taking positions in Equity Group and KCB Group while selling Safaricom (SCOM) and KenGen (KEGN). Port Reinsurance (PORT) led losers, down 7.54%.
Uchumi Supermarket (UCHM) has scheduled a creditors' and members' meeting for 21 September as its insolvency proceedings continue before the High Court. National Infrastructure Fund CEO James Mworia has proposed listing an infrastructure development fund on the NSE, leveraging D-REIT regulations to give investors access to a liquid instrument for infrastructure exposure. Port Reinsurance (PORT) shares fell sharply the same day a report on the DP World Mombasa Special Economic Zone deal highlighted the port city's economic prospects, though the sector reading and the share move do not obviously align.
- Turnover
- KES 1.01B 16.4K trades
- Foreign net
- KES +5.21M 17.8% of turnover
- Traded
- 56 counters 20 up · 30 down
- Market cap
- KES 3.50T all listed counters