The Nairobi Securities Exchange (NSE) recorded increased turnover, activities at the bourse mainly driven by increased foreign investor buying on the large-cap counters such as Safaricom, BAT, EABL, and the banks.
Available figures put foreign investor participation at 66.8% when trading at the bourse closed on Friday last week. Volumes traded at the NSE rose by 122.83% to 164.83 Million shares compared to 73.97 shares the previous week.
The NSE All-Share Index gained 3.36% to 148.12 points from the previous week’s 143.30 basis points. This is a 4 week gain of 4.81% but an overall year to date loss of 10.99%.
The NSE 20 and NSE 25 also gained by 1.61% and 2.16% to end last week at 1,786.42 and 3,312.97 points, respectively.
Turnover at the bourse rose by 128.61% to KSh 5.32 Billion from KSh 2.33 Billion the previous week due to increased foreign investor activity.
Safaricom was the prime mover with a turnover of KSh 3 Billion, its share price rising 5.02% to KSh 33.50 from KSh 31.90 the previous week. This accounted for 59.33% of the week’s traded value.
The Banking sector transacted shares worth KSh 1.9 Billion, with Equity Group being the main feature. Its share price rose by 1.89% to KSh 35.05 from KSh 34.40 the previous week.
KCB was down 1.21% to KSh 36.70 and traded shares worth KSh 853 Million compared to Equity Group’s KSh 989 Million.
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