Nairobi Securities Exchange (NSE) weekly turnover fell by 49.62% to KSh 2.68 Billion from the prior week’s KSh 5.32 billion.
This is as foreign investors, who dominate activity at the NSE, traded cautiously with eyes fixed on the stalled Brexit-European Union(EU)talks.
A lockdown in most of the EU member states and an upsurge in new COVID-19 infections in Italy also played into foreign investors’ minds at the NSE, pulling down the level of activity at this bourse.
The weekly volume of shares traded shrunk by 38.14%, with 101.97 Million shares exchanging hands against 164.8 Million shares traded the prior week.
Activity at the Nairobi bourse was lower when trading ended on Friday last week, December 11th, 2020.
Foreign investors dominated activity at the NSE last week, accounting f0r 71.89% of the week’s total trading activity.
Foreign investor participation was noticed on the top 5 most dominant counters, Safaricom, EABL, and leading commercial banks-KCB and Equity. Local investors were active in Carbacid Investments seeking to acquire a majority shareholding in rival BOC Kenya Limited.
The benchmark NSE All-share index lost 1.00 points or 0.68% to close the trading week at 147.12 points. This represented a year-to-date decline of 11.59%.
However, the NSE 20 share index rose by 7.64 points or 0.43% to close Friday at 1,794.06 points.
The NSE25 share index lost 16.35 points or 0.49% to 3296.62. Safaricom was the biggest mover of the week with a turnover of KSh 1.3 Billion on a volume of 42 Million shares. This was 51.66% of the week’s traded value. However, Safaricom’s share price was down 1.64% to close the week at KSh 32.95 from the prior week’s KSh 33.50.
The Banking sector transacted shares worth KSh 943 Million with Equity Group the most traded counter in this segment, moving 20.9 Million shares valued at KSh728Million, at a price of between KSh 34.50 and KSh35.45.
Other heavy hitters were led by East African Breweries Plc, which moved shares valued at KSh 108.72 Million.
In the derivatives market, a total of 117 contracts valued at KSh 3,262,600 were concluded compared to 6 contracts valued at KSh 193,950 concluded during the prior week.
The bonds market was up 86.9% at the close of the week, with KSh13.73 Billion worth of bonds traded against KSh 7.35 Billion the prior week.