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Equity Group Holdings Plc is the first listed bank to release its third quarter earnings. This has set off renewed interest in the banking counters at the NSE.

When markets closed yesterday, Equity Group Holdings had actively moved 3 million shares valued at Sh 146.9 million at between Sh 46.50 and Sh 48.95 per share.

“While the results announced were marginally below our expectations, we take note of management guidance of strong loan growth in the coming quarter. We also take note that management have guided more on the volume of loan growth as opposed to margin expansion,” said the NSE in a tweet.

Expected to also announce their earnings are KCB and Co-op, the other big commercial banks. When markets closed yesterday, KCB Group moved 2.8 million shares valued at Sh142.9 million and closed at Sh.49.30.

Other big movers on this counter were NCBA Group Plc which moved 108,000 shares and closed at Sh 39.95 and Co-op Bank which traded 307,000 shares at between Sh 15.00 and Sh 15.40. Standard Chartered Bank moved 1,200 shares at between Sh200 and Sh 201. Barclays Bank of Kenya Limited moved 43,600 shares at between Sh 12.55 and Sh 12.60.

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Market turnover rose to Sh857 million from the previous
session’s Sh.664 million, the number of shares traded stood at 29million
against 14million posted on Monday.

INDICES

The NSE 20 share Index was down 25.21 points to stand at
2672.36. All Share Index NASI dropped 1.94 points to stand at 157.02. The NSE
25 Share index lost 44.33 points to settle at 3873.14.

Banking

The Banking Sector had shares worth Sh 306 million transacted
which accounted for 35.74per cent of the day’s traded value.

The Commercial & Services sector had shares worth
20.7million traded & accounted for 2.42per cent of the day’s traded value.
Sameer Group edged down 7.51per cent to close the day at Sh 3.20 with shares
worth Sh 14million transacted.

The Insurance sector had shares worth 10.2million traded
& accounted for 1.20 per cent of the day’s traded value. Britam Holdings up
1.08per cent to Sh 7.40 moved 1.1million shares valued at Sh 8.2 million.

Manufacturing &
Allied

The Manufacturing & Allied sector had shares worth
73.8million traded & accounted for 8.61per cent of the day’s traded value.
E.A Breweries closed the day 2.44per cent lower to Sh.200.00 moving 367,000
shares valued at Sh73.4 million.

Safaricom was the day’s biggest mover with 15 million shares
valued at Sh 439million changing hands at between Sh28.65 and Sh29.85; this
represented 51.21 per cent of the day’s traded value.

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