Activity at the Nairobi Securities Exchange(NSE) was generally lower at the close of the week ended Friday, 2nd October 2020 with the turnover declining by 55.7% to KSh1.5Billion.
This is compared to a turnover of KSh 3.4 Billion the prior week. Similarly, the volume of shares traded dropped 44.6% to 67.6 million from the 122 million posted the previous week.
While the NSE All-Share Index declined by 0.1% during the week to close at 140.22, the NSE 20 Index had a weekly gain of 0.2% to 1852.17. The NSE25 Share Index declined 0.19% to 3242.54 basis points.
Safaricom was the top weekly mover at the bourse with a volume of 29 million shares worth KSh866Million exchanging hands at a fairly stable price of KSh.30.00. This represented 56.83% of the week’s traded value.
The Banking Sector moved shares worth KSh 388 million, accounting for 25.50% of the week’s traded value. Equity Group Holdings Plc moved 3.5 million shares worth KSh130 million at prices of KSh35.95. KCB Group Plc was down 1.03% to KSh38.50 per share with 2.3 million shares worth KSh93 million moved.
The Derivatives Market closed the week with a total of 5 contracts valued at KSh 474,000 concluded on Friday last week, a decline from a value of KSh596,000 the prior week.
A total of KSh 16 billion worth of bonds were traded at the secondary bond market compared to KSh 12 Billion achieved the previous week.
