The Nairobi Securities Exchange 20 share index remained relatively unchanged at Wednesday’s trading standing at 3950.90 points.
Turnover declined by 67.7 per cent to Sh285.90 million from Sh884.62 million on account of reduced foreign investor participation at the bourse.
Equity Bank moved the biggest number of shares accounting for 23 per cent of the day’s trading.
Kenya Commercial Bank gained 2.8 per cent to Sh27.50 due to high demand from both local and foreign investor demand.
EABL was the biggest loser at yesterday’s trading shedding off 3.5 per cent of its share value to Sh221.
KenGen announced a 36 per cent rise in profits after tax though it slipped to Sh8.35. Analysts expect the counter to reverse the trend in today’s trading following the announcement.
“We expect the share to hold steady at today’s trading and maybe improve slightly as a result of the performance and the dividend announcement,” said Eric Musau, an analyst at Standard Investment Bank.
Turnover in the bond market decreased by 0.94 per cent to Sh4.23 billion from Sh4.63 billion in previous trading. A total of 38 deals were transacted from 32 deals transacted during the previous trading.