Nairobi Securities Exchange(NSE) weekly Market Capitalization fell slightly by 0.15% to KSh 2.206 Trillion from the KSh 2.209 Trillion posted the previous week, attributed to the drop in prices of bank stocks.
Foreign investors were net sellers last week, accounting for 79.23% of the week’s total trading activity. Foreigners were active across the main blue-chip counters as well as those of KCB, Co-operative Bank, Standard Chartered Bank, and Equity Group.
Weekly volume stood at 71.5 Million shares against 82.4 Million shares transacted in the previous week.
Safaricom was the most active counter by turnover, accounting for 45.40% of the week’s traded value. Its share price edged up 0.63% to close the week at KSh 32.00.
The Banking sector moved a total of KSh 804 million worth of shares, translating to 36.78% of the week’s traded value.
The Manufacturing and Allied sector moved shares worth KSh 270 million, most of the activity here dominated by foreigners.
Bonds worth KSh 12.5 Billion were traded last week, a 31.5% rise in turnover from the KSh 9.5 billion worth of bonds transacted in the previous week.
The benchmark NSE All Share Index closed last week at 143.72, representing a week on week decline of 0.15%, a month to month gain of 1.78% and an overall year-to-date loss of 13.63%.
No activity was recorded in the derivatives market for the entire week.