The Nairobi Securities Exchange(NSE) recorded an 18.2% increase in weekly turnover to KSh 1.3 Billion as the four-day week come to an end.
This is compared to a weekly turnover of KSh 1.1 Billion on 42 million shares moved at the close of trading on Friday last week.
The NSE 20 share index was up 21.50 points to stand at 1872.39. All Share Index (NASI) picked up 0.94 points to settle at 158.22. The NSE 25 Share added 23.35 points to settle at 3588.99.
The Derivative Market closed the week with a total of 58 contracts valued at KSh1.5Million.
In Thursday’s trading session, market turnover retreated to KSh110Million from KSh 411Million the previous day while the number of shares traded stood at 6.2Million against 11.8Million posted the previous session.
The Banking Sector had shares worth KSh272Million transacted which accounted for 20.34% of the week’s traded value.
Equity Group Holdings up 1.42% to KSh50.00 moved 2.1Million shares valued at KSh105Million. KCB Group edged up 1.05% to KSh 43.45 with shares worth KSh104Million transacted during the week.
Standard Chartered Bank Kenya moved 318,000 shares valued at KSh 45.5Million and closed the week at KSh12.85.
Safaricom rose by 0.92% to KSh 35.30, up from KSh35.00 registered the previous week, with shares worth KSh961Million transacted; this represented 71.78% of the weeks traded value.
The Bond Market registered reduced activity with bonds worth KSh15Billion transacted compared to KSh 26.6Billion registered the previous week.
Uchumi was the week’s top price gainer, the counter rising 11.76% to KSh 0.19 from KSh 0.17 while the week’s worst performing stock was Nairobi Business Ventures(NBV), which declined 21.84% from KSh 4.99 to KSh 3.90 per share.