Trading on Wednesday at the Nairobi Securities Exchange saw a 46.7% increase in turnover to Ksh. 716.9 Million from Tuesday’s Ksh. 488 Million. Foreign Investor participation decreased to 66.4% from a high of 77.3%. Foreign buying volume stood at KSh 612.7 Million while foreign selling volume was KSh 339.6 Million.
Safaricom was the top mover of the day with 17,746,500 shares traded making up 74.1% of market share and 69.1% foreign investor participation. Kenya Re-Insurance and Britam Holdings were also among the top 3 movers with over 3 million shares traded.
Top gainer of the day was Flame Tree Group with a 9.52% share price appreciation closing the day at KSh 1.84 from a close of KSh 1.68 on the previous day of trading. Britam Holdings gained 9.46% closing the day at KSh 8.10 from an opening price of KSh 7.00. A total of 3,365,600 Britam shares were traded, all the trading being done by local investors.
Top losers of the day were Eveready and Olympia Capital shedding off 8.7% and 5.7% of share price value respectively. Kenya Power saw a share price depreciation of 4.2% closing the day at KSh2.30. A total of 2,675,900 KPLC shares were traded all of which were local investor activity.
The banking sector had shares worth KSh 120 Million transacted which accounted for 16.79% of the day’s traded value. KCB Group was the most traded counter in this sector with 2.3 Million shares traded, valued at KSh 83 million. Equity Group moved 666,100 shares worth KSh 23 Million closing the day at KSh 34.80.
The Derivatives market had 3 contracts worth KSh 66,800 transacted. The bond market had bonds worth KSh 2.1 Billion transacted.