NSE key index dips as bank stocks ruleThe benchmark index for the 20 best performing counters at the Nairobi Securities Exchange (NSE) dropped by 6.3 per cent in 2019 compared to the previous year. In the banking sector, shares worth Sh62.6 billion were transacted, which accounted for 25.2 per cent of the year’s traded value. Co-operative Bank for its part moved shares worth Sh2.9 billion, which was a 14.3 per cent rise compared to 2018. The bonds market at the exchange, meanwhile, rose 15.8 per cent to Sh651 billion, up from Sh562 billion traded in 2018. The insurance sector accounted for 0.91 per cent of 2019’s traded value, with shares worth Sh2.27 billion being traded.

Source: Standard Digital January 01, 2020 21:00 UTC