Activity continued to decline at the Nairobi Securities Exchange(NSE) for a second straight week.
Weekly turnover declined by 26.7% to KSh 1.1 Billion from the KSh 1.5 Billion transacted the prior week
Similarly, the volume of shares exchanging hands on the bourse declined by 30.9% to 46.7 million from the 67.6 million posted the prior week.
There was a decline in prices across main counters pushing down the benchmark NSE All -Share(NASI) index to close the week at 140.07 points, a decline of 0.15 from prior week’s close.
This represented a 1-week loss of 0.11%, a 4-week loss of 0.57%, and an overall year-to-date loss of 15.83%.
Safaricom Plc was the prior week’s top mover with 21.6 million shares valued at KSh 652 Million traded. This accounted for 55.20% and 46.25% to the total turnover and volumes traded in the week, respectively.
The Banking Sector was the second top mover with shares worth KSh 363Million transacted which accounted for 30.76% of the week’s traded value.
Equity Group shed 2.92% in price to KSh34.90, down from KSh35.95 registered the prior week week with shares worth KSh 266 Million transacted. KCB Group Plc was down 1.04% to KSh 38.10, moving 904,000 shares valued at KSh 34 Million.
The Derivatives Market closed last week with a total of 6 contracts valued at KSh216,000 concluded. This was a decline from the prior week’s value of KSh 474,000.
Secondary trading on the bond market saw moderate growth in activity with bonds valued at KSh16.2 billion traded against the KSh 16.0 billion worth of bonds the prior week.
