Nairobi Securities Exchange(NSE) recorded a decline in weekly turnover to KSh 2.5 Billion from KSh 3.4 Billion the prior week, a decline of 28%.
The volume of shares traded also declined by 30.2% from 101.5 Million the prior week to KSh 70.9 Million last week.
The Nairobi Securities Exchange All Share Index(NASI) lost 1.8% to end the week at 168.4 points while the NSE 20 Share Index lost 1.4 % to end the week at 1893.7 points. The NSE 25 Share Index declined by 1.3% to close the week at 3,732.5.
NSE top movers during the week
The week’s top movers were led by Safaricom which sold 33.2 Million at a price of KSh 39.25 and comprised 52.9% market share. Safaricom was followed by Nairobi Business Ventures which moved 7.1 Million at the price of KSh 3.81; KCB Group which sold 6.9 Million shares at KSh45.90 per share and Equity Group which sold 5.3 Million shares, its share closing the week at KSh 52.00.
NSE top price gainers during the week
The top gainer was HF Group, whose share price rose by 18.1% to close the week at KSh 4.90. HF began the year with a share price of KSh 3.32 and has since gained 47.6% on that price valuation, ranking it second on the NSE in terms of year-to-date performance.
The stock has accrued 30% over the past four-week period alone.
HF was followed by Uchumi which gained 14.3% to KSh 0.24; Express Kenya which gained 8.6% to KSh 3.80 and Home Afrika which gained 8.1% to KSh 0.40. followed by Uchumi which gained 14.3% to KSh 0.24; Express Kenya which gained 8.6% to KSh 3.80 and Home Afrika which gained 8.1% to KSh 0.40.
Market laggards were led by Nairobi Business Ventures which declined 28.4% to KSh 3.81; East African Portland Cement which declined by 10% to KSh 7.20; Kakuzi whose price fell by 7.2% to KSh 385 and Kenya Power which declined by 7.1% to KSh 1.71
ALSO READ: NSE Weekly Equity Turnover rises 86.3% to KSh 3.4 Billion
