Nairobi Securities Exchange (NSE) recorded a 53.6% decline at the close of last week to KSh 2.32 Billion. This is against a turnover of KSh 4.99 Billion recorded the previous week.
Last week’s decline in equity turnover is attributed to decreased Safaricom share prices, which took down the entire bourse with it.
NSE most dominant counters
The most dominant counters at the bourse were in the banking sector, which all together moved shares valued at KSh 1.1Billion, accounting for 49.86% of the week’s traded value.
Equity Group Holdings Plc actively moved 12.8 million shares valued at KSh 546 Million during the week between KSh 42.00 and KSh43.00. KCB Group Plc moved 3.4 million shares valued at KSh 144 million and closed at KSh42.25 per share. NCBA Group Plc was up 2.55% to KSh26.10 per share and had 10 million shares valued at KSh269 million.
The Manufacturing & Allied Sector was second in activity, with shares valued at KSh 567 Million transacted, accounting for 24.52% of the week’s traded value. East African Breweries Plc closed 2.01% higher to KSh 190.00 with a volume of 2.5 Million shares valued at KSh 479 Million traded.
The telecommunications sector was third in activity, with Safaricom declining by 3.23% to KSh40.50, down from KSh41.85 registered in the previous week.
Safaricom had shares valued at KSh 547 Million transacted, which translated to 23.63% of the week’s traded value.
Nation Media Group (NMG) was the week’s top gainer, adding 31.01% in share price appreciation to close the week at KSh 22.60 per share from the KSh 17.25 per share posted the previous week. The price appreciation of NMG follows details to investors and shareholders concerning the firm’s share buyback plan.
BOC Kenya Plc was the week’s top laggard with a 9.63% share price decline to end the week at KSh 68.00 per share from KSh 75.25 posted the previous week.
Some 163 contracts valued at KSh 6.4 Million were transacted in the derivatives segment, a decline from 311 contracts valued at KSh 12 Million posted the preceding week.
Trading on the secondary bond market at the NSE recorded a 61.61% drop in activity with KSh13.91 Billion worth of bonds traded against KSh 36.23 Billion value of bonds transacted the previous week.
The benchmark Nairobi All Share Index(NASI) declined by 1.63% to close the week at 169.87 points. The NSE 20 Share Index gained 46.67 points or 2.51% from last week’s close to stand at 1,908.82.