NSE Weekly Equity Turnover falls 43% to KSh 1.1 B

The Nairobi Securities Exchange(NSE) recorded a decline in weekly equity turnover to KSh 1.1 Billion when trading closed this Friday, from the previous week’s KSh 1.95 Billion, a drop of KSh 43%.

The shares traded also declined to 42 million from the prior week’s 57 million shares.

The Derivatives Market closed the week with 65 contracts valued at KSh 2.5 million.

Olympia Capital was the week’s top gainer, its share price rising 12.50% from KSh 2.00 to KSh 2.25, while the week’s worst-performing counter was Car& General, which fell 16.42% to KSh 56 from last week’s close of KSh 67.00.

The Banking Sector had shares worth KSh 420 million transacted, which accounted for 37.62% of the week’s traded value. 

Equity Group Holdings was up 0.31% to KSh49.30 and moved 4.6M shares valued at KSh228million. 

KCB Group was down 2.27% to KSh 43.00 and moved 2.26 million shares valued at KSh 98million. BK Group rose by 1.52% to KSh30.00, up from KSh 29.55 registered the previous week, with shares worth KSh46 million.

The Energy & Petroleum Sector had shares worth KSh38.6million transacted, representing 3.46% of the week’s traded value. KenGen moved 6.5million shares valued at KSh 23.6 million and closed the week at KSh3.60. Umeme was up 1.63% to KSh7.50 and moved 1.1million shares valued at KSh8.8 million. 

Safaricom rose by 1.45% to KSh35.00, up from KSh34.50 registered the previous week, with shares worth KSh529million transacted; this represented 47.46% of the week’s traded value. 

The Bond Market registered improved activity with bonds worth KSh 26.6Billion transacted compared to 13.8Bn registered the previous week. 

ALSO READ:NSE Weekly Equity Turnover Hits 15% to kes 1.93 Billion

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