Nairobi Securities Exchange (NSE) recorded a turnover of KSh 773.02 Million when trading closed on Friday, 15th January, 2021.
Data shows that this performance is a 67% rise in turnover compared to Thursday’s close.
The bourse had a volume of 23.86 Million shares traded in 1,023 deals.
Heavy speculative activity has concentrated in the small-cap counters as investors seek bargains in a depressed market. Foreign investors, who drive action on most counters, remain in muted participation at the local bourse.
Eveready East Africa Plc, whose share price has appreciated 5.13% over the 52-week range, was the day’s top price gainer with its share price rising 9.17% to KSh 1.19.
With a market capitalization of KSh 249.9 Million, Eveready has seen its share price decline by 0.83% YTD.
Other top gainers were TPS (Serena) which was up 6.255 to KSh 17.00, Olympia Capital which gained 5.755 to KSh 2.39, Nairobi Securities Exchange (NSE) whose share price climbed 4.42% to KSh 8.50 and Kenya Reinsurance which gained 3.535 to KSh 2.64.
Losers at NSE
The worst performers were led by Sasini which lost 8.955 to close at KSh 17.80, Sameer Africa, Express Kenya, Uchumi and Home Afrika.
Eveready East Africa, Sameer Africa and Sasini Plc are all associated with Sameer Group. While Sasini end year results have shown improved profitability, investors have been speculating around Eveready, whose financial year also ended in September 2020.
The biggest mover at the NSE Friday was Safaricom with a volume of 13.23 Million shares followed by Equity Group (6.53 Million), Uchumi (1 Million), KPLC (809,000) and KCB (793,100).
The share price of Safaricom was up 0.14% from KSh 36.50 to KSh 36.55 with a turnover of KSh 483.57 Million and 60.2% participation at the counter by foreign investors.
However, Equity Group shares price fell 0.14% from KSh 36.95 to KSh 36.90 in 97 deals that resulted in a turnover of KSh 240.92 Million, attracting 86.2 % participation from foreign investors.
The NSE All-Share declined from 158.19 to 154.18 while the NSE 20 fell 1.21% from 1919.70 to 1896.46. The NSE 25 shed 1.31% from 3489.64 to 3444.02.
The derivatives market had 64 contracts concluded valued at KSh 1.93 Million compared to the 32 deals valued at KSh 851,925 achieved in the previous trading session.
Bonds worth KSh 2.27 Billion were traded in 70 deals at the secondary market compared to KSh 1.04 billion achieved in 41 deals on Thursday.