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Trade at Nairobi Securities Exchange declines

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By TF News Reporter

Trade at the Nairobi Securities Exchange (NSE) declined last week with equities turnover declining by 12.40 per cent as bonds turnover shed 15.30 per cent. The agricultural sector is not doing well at the NSEThe agricultural sector is not doing well at the NSE

All equities and bonds indices as well as market capitalization edged lower than in the previous week.

The NSE 20 Share Index closed the week at 4,781.40 points lower higher than last week’s 4,796.30 points.

NASI declined to 123.03 points from 123.22 points recorded on July 25. Similarly, market capitalization that measures shareholders’ wealth was Sh1, 729.87 billion down from Sh1, 732.12 billion.

Equity turnover declined to Sh1, 773.49 million due to low supply of shares and falling prices

Telecoms and technology, banking and energy petroleum were the top three most active sectors, transacting 45.46 million or 50.9 per cent; 24.53 million or 27.5 per cent and 6.50 million or 7.30 per cent of all shares traded, respectively.

Safaricom, Barclays and KCB were the three most active counters with 45.46 million, 7.72 million and 6.96 million shares being traded, respectively.

Automobile and Accessories sector was the least active, with 79, 700 shares traded. The Growth Enterprise Market Segment (GEMS) had 95,400 million shares traded in the week.

The biggest closing and average price gain for the week was for Jubilee Holdings at Sh5 and Sh6.80 per share, respectively while the biggest closing and average price losses was for EABL at Sh12 and Sh5.60 per share, respectively. Of the 54 active counters, 21 had average price gain in the week.

The FTSE NSE Kenya 15 Index, which measures stocks performance of 15 largest companies by market capitalization, closed the week at 160.15 points down from 161.03 points.

FTSE NSE Kenya 25 Index, which measures 25 most liquid stocks at NSE, was down to 163.93 points from 165.19 points of last week. FTSE NSE Bond Index declined to 94.83 points from 94.90 points as trading yields rose.

Bond Market

Bonds trading activity declined by 15.30 per cent as turnover closed at Sh5, 144.30 million from Sh6, 073.90 million in the previous week. However, corresponding deals declined to 93 from 120 recorded in the previous week.

 

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