At the Nairobi bourse, a short trading week impacted negatively on the bourse, pulling down its performance. Total shares traded and the number of deals decreased by 27.4% and 32.6%, respectively. Equity turnover, however, increased to KSh 3.35 Billion from the previous week’s KSh 2.8 Billion.
Turnover of bonds traded in the domestic secondary market also decreased by 38.7% during the week ending December 12.
The NSE 25 Share price index remained stable, increasing by 0.02%, while the NASI and market capitalization both increased by 1.1% during the week ending December 12.
The Kenya Shilling remained stable against major international and regional currencies during the week ending December 11.
According to the Weekly bulletin from Central Bank of Kenya, the local unit exchanged at KSh101.50 per US Dollar on December 11, compared to KSh101.96 on December 5.
Analysts attribute the strengthening Shilling to good diaspora remittances and dollar inflows from foreign funds following repeal of rate caps as well as forex reserves that have also remained stable.
