Market turnover at the Nairobi Securities Exchange(NSE) declined to KSh 392.9 Million when trading closed on Thursday. This is compared to KSh 490 Million on Wednesday.
The move follows the release of first-quarter results from the banking sector.
A total of 14,358,000 shares in 1,066 deals, were traded with figures showing a 12% decline in volume, 20% decline in turnover, and 19% decline in deals.
According to a commentary by Faida Investment Bank, the number of shares changing hands on the market was lower, with 14.2 million shares traded on Thursday, down from the 16.4 million shares traded in the previous session.
Foreign Investors were net sellers, accounting for 66.06% of the day’s total market activity aggregated from 86.2% of the day’s sales and 45.9% of the day’s purchases.
Significant foreign Investors was recorded on Safaricom which was the top mover in the day’s trading session.
The mobile operator moved 8 Million shares worth KSh 226 Million changing hands at between KSh 27.90 and KSh 28.60, accounting for 57.6% of the day’s traded value.
In the banking sector, Equity moved 846,000 shares valued at KSh 30 Million at between KSh 35.60 and KSh 36.00. This is compared to KCB which moved 715,000 shares worth KSh 25 million at an average price of KSh 36.20. Stanbic shares traded at KSh 84.50 each and moved 270,000 shares worth KSh 22 million.
Nation Media was the main feature in the commercial and services sector, closing 1.06% lower to KSh 18.70 and moved 87,000 shares worth KSh 1.6 Million.
In the manufacturing sector, BAT moved 77,000 shares worth KSh 24 Million at a price of KSh 320.00 EABL transacted shares worth KSh 20 Million at a price of KSh 164.00.
Crown Paints led the gainers with 10% share price appreciation closing at KSh 49.50 per share, followed by Olympia Capital (9.68%), Home Afrika(6.38%) and Flame Tree (4.76%).
On the losing side, Kenya Airways came out last with an end-of-day price depreciation of 9.63% closing at KSh 2.44 per share. Other losers were Nairobi Securities Exchange, STANLIB Fahari Income REIT, Kenya Power and Bamburi Cement.
The benchmark NSE All Share Index [NASI] declined 1.30 points to close at 136.51. The NSE 20 Share Index declined 12.04 points to close at 1964.46. The NSE 25 Share Index declined 8.31 points to close at 3214.83.
The derivatives market of the NSE had one equity single stock futures contract concluded at a price of KSh 3, 550. This was against the spot market price of KSh 39.90.
The secondary bond market was relatively constant with bonds worth KSh 3.08 Billion traded in 127 deals on the market as compared to KSh 3.46 Billion recorded in the previous trading session.
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