This week there was a decline in trading activities on the Nairobi Securities Exchange (NSE). The total market capitalization fell to Kes 2,497.9 billion compared to Kes 2,505.7 billion the previous week reflecting a 0.71% decrease. This comes a week before key announcements from Safaricom’s AGM and BAT. The performance is also attributed to losses in major traded companies like East African Breweries.
The NSE all share index declined by 0.7% to close at 157.9. NSE 20, NSE 10 and NSE 25 all followed the same trajectory, declining by 0.5%, 1.39% and 0.9% respectively. The drop in the indices could also be attributed to the drop in majority of the stocks listed on the Nairobi Securities Exchange.
The total equity traded volumes on the NSE closed at 81.58 million shares, from 99.91 million from the previous week. This shows an 18.35% decrease from the last week. Local investor turnover was higher representing a 79.7% share of all transactions, translating to Kes 1858.48 million, while the foreign investor turnover stood at Kes 470.79 million representing 20.21%.
In terms of weekly stock performance, the top gainers are Crown Paints Kenya (CRWN) with a 9.9% change, Express Kenya Limited (XPRS) at 7.1% and Car and General (CGEN) at 5.9%. The top losers are Umeme (UMME) at (35.8%), East African Breweries (EABL) that lost 8.3% and Sameer Africa Plc closing with a 7.7% loss.
During this week, the Total Market Turnover stood at Kes. 2,329.28 million Foreign investor turnover accounted for Kes. 470.79 million, representing 20.21% of the total market activity. Meanwhile, local investor turnover was higher at Kes. 1,858.48 million, making up 79.7% of the total transactions.
Trading on the secondary bonds market recorded a 95% increase to close the week at Kes 62,699.40 million from Kes 31,993.53 million in the previous week.
