The Kenya Shilling strengthened against major international and regional currencies last week, amid capital inflows. This is according to a weekly bulletin by Central Bank of Kenya (CBK).
It exchanged at KSh 102.10 per US Dollar on November 14, compared to KSh 102.95 on November 7, 2019.
When trading opened at the Nairobi bourse on Monday, the NSE 20 share Index was down 20.30 points to stand at 2697.56. As the week ended on Friday, this index was down 64.91 points to stand at 2652.95.
Similarly, the NSE 25 share index fell from 3917.47 on Monday to 3852.06 points on Friday, November 15th, 2019.
The bourse closed the week with 86 million shares valued at KSh.2.7 billion transacted against 178million shares valued at Sh.6.0 billion transacted the previous week.
The big commercial banks began releasing their Q3 earnings, investors’ interest shifted to the bank counters. On Monday, 11th November, the banking sector moved shares worth KSh 554 million and accounted for 83.40 per cent of the day’s traded value.
By end of the week, the banking sector had transacted shares worth KSh 1.3 billion with Equity Group Holdings being the most active followed by KCB Group Plc and Diamond Trust.
Equity Group Holdings moved 9.4 million shares valued at KSh.454million at between KSh.46.50 and KSh.49.00.
KCB Group up 0.70per cent to KSh.50.25 moved 8million valued at Sh.415 million. Diamond Trust Bank declined by 3.96 per cent to KSh115.25, down from KSh.120.00 registered the previous week with shares worth KSh.322.8 million dealt.
A weekly bulletin from CBK shows that the NASI, NSE 25 and NSE 20-share price indices declined by 4.1 per cent, 4.3 per cent and 4.1 per cent, respectively during the week ending November 14. Similarly, Market Capitalization, Equity turnover and Total Shares traded decreased by 4.1 per cent, 66.7 per cent and 64.0 per cent, respectively.
