Investors will this week be glued onto the half-year results as they flow in, beginning this week.
The idea is to get a better view of what to expect when the end year financial results are released.
At the end of last week, the activity level at the NSE slumped with turnover closing at KSh 1.5 Billion, with 52 million shares traded.
Turnover the previous week was made up of 115 million shares valued at KSh3.3 billion transacted.
The benchmark NSE All-share index (NASI) shed 1.36 points or 1.01% to close the short trading week, on Thursday at 133.23 points.
The index thus recorded a 4-week loss of 3.3% and an overall year-to-date decline of 19.94%.
In the week, Safaricom was the most active counter as investors rushed to earn dividends before closing its books.
Safaricom accounted for 42.21% of the week’s traded value. Its share price rose by 0.18% to close at KSh 28.15 from KSh 28.10 on Friday the previous week.
In the secondary bonds markets at the NSE, the week with bonds worth KSh21.6 billion transacted compared to KSh12.9 billion registered the previous week, indicating a highly attractive fixed income securities market.
The Derivatives Market ended the week with a total of 9 contracts valued at KSh255,500 concluded.
In its outlook, the NSE said this week is likely to have lower activity and price levels as the market corrects itself following the closure of books for many listed firms.
For instance, Safaricom share price could hit lows of KSh 26.50 as the effects of the firm’s book closure, kick in.
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