Nairobi Securities Exchange(NSE) has recorded an increase in daily turnover to KSh 483.7 Million compared to KSh 257.9 Million when trading closed at the bourse this Monday, 1st November 2021, an increase of 87. 553%.
The volume of shares traded, however, declined 14% to 14.6 Million from the previous day’s 16.9 Million while total equity deals rose to 1,514 from the previous 1,376.
According to a daily brief by AIB-AXYS Africa Research, foreign Investors’ participation at the bourse increased to 62% from 52.3% yesterday. Foreign investors were dominant in Safaricom(69%) and Equity Bank(75.1%) while local investors were most active in KPLC(96.1%) and Co-operative Bank(53.0%).
Foreign investors sold volume of shares worth KSh 332.3 Million while their buying volume was worth KSh 267.3 Million.
The NSE All-Share Index(NASI) was down 0.98 points to close at 174.85 while the NSE 20-Share Index was down 13.36 points to close at 1958.66. The NSE 25 Share Index also lost 17.32 points to close at 3806.15.
Activity is expected to heighten on Carbacid Investments and KenGen, which have already declared dividends as investors rush to cash in.
Carbacid Investments announced a special dividend of KSh 0.90 on November 2nd 2021 with books closure to happen on 26th November 2021 and payment on 17th December 2021.
Carbacid Net Earnings for 2021 are up 28% to KSh 415Million. “We expect increased trading activity on Carbacid before book closure. We also await the news on the intended takeover of BOC which should support the Company’s performance,” said a note from AIB-AXYS Africa.
KenGen has announced a final dividend of KSh 0.70 on November 1st 2021, with books closure set for December 16th 2021 and payment to shareholders to happen on 10th February 2022.
In the Derivatives Market, 6 contracts worth KSh 273,020 were concluded compared to 10 contracts worth KSh 328,065 concluded at the previous trading session.
NSE Top Gainers and Losers
The day’s top price gainers were led by Sameer Africa, whose shares gained 4.90% to close at KSh 3.00 per share.
It was followed by Carbacid Investments which was up 4.24% to KSh 12.30, East African Cables which gained 4.00% to KSh 1.30, KenGen whose share price appreciated by 3.06% to KSh 4.71 and WPP ScanGroup whose shares gained 2.54% to close at KSh 4.85 this Tuesday.
The worst performers were led by BOC Kenya which declined by 7.86% to KSh 64.50 followed by NSE which was down 7.63% to KSh 8.48, Kakuzi which lost 7.23% to KSh 385.00, Stanbic Holdings which declined by 6.20% to KSh 87.00 and Kapchorua Tea Kenya which lost 5.56% of its value to end the day at KSh 85.00.
The biggest mover was Equity with a volume of 3.73 Million, its share price closing at KSh 50 accounting for 38.5% market share and foreign investors participation at 75.1% It was followed by Safaricom with a volume of 3.62 Million accounting for 31.1% market share and foreign investors participation at 69%.
KPLC moved 1.87 Million shares, Co-operative Bank( 1.24 Million) and KenGen(1.20 Million), activities in these counters driven largely by local investors as foreigners kept off.
Activity in the Secondary Bonds Markets declined with a turnover of KSh 1.5 Billion from 90 deals recorded compared to a turnover of KSh 2.5 Billion from 72 deals this Monday.
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