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Trade at Nairobi Securities Exchange declines

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By TF News

Trade at the Nairobi Securities Exchange (NSE) declined last week with equities turnover down by Sh4.61 billion.Mumias Sugar shares continue to do well at NSE despite financial woes facing the companyMumias Sugar shares continue to do well at NSE despite financial woes facing the company

Market capitalization also declined by Sh19.84 billion, and bonds turnover by 3.47 billion.

The NASI, FTSE NSE Kenya 15 Index and FTSE NSE Kenya 25 Index declined while NSE 20 Share Index and FTSE NSE Bond Index rose. Number of shares transacted rose.

The NSE 20 Share Index closed the week higher at 4,814.12 points from last week’s 4,812.27 points.

NASI ended at 124.36 points from 125.77 points recorded on August 15. Market capitalization that measures shareholders’ wealth was Sh1, 7487.49 billion down from Sh1, 761.87 billion.

Equity turnover declined to Sh3, 591.78 million despite increased share supply, on account of lower share prices.

Banking, telecoms and technology, banking and manufacturing and allied were the top three active sectors, transacting 72.94 million or 46.2 per cent; 49.14 million or 31.1 per cent and 16.33 million or 10.4 per cent of all shares traded, respectively.

Safaricom, KCB and Mumias Sugar were the three most active counters with 72.94 million, 26.41 million and 14.13 million shares traded, respectively. The least active sector was Automobile and Accessories sector with 75,300 shares.

The biggest closing and average price gain for the week was for Nation Media Group and at Sh6 and Sh20.40 per share, respectively.

The biggest closing and average price loss was for East African Breweries and Diamond Trust Bank at Sh25 and Sh5.8 per share, respectively. Of the 54 active counters, 19 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 162.43 points down from 164.51 points.

FTSE NSE Kenya 25 Index, which measures 25 most liquid stocks at NSE, declined to 164.77 points from 167.34 points of last week. FTSE NSE Bond Index declined to 94.06 points from 93.90 points as trading yields declined.

Bond Market

Bonds trading activity was 56.68 per cent down as turnover closed at Sh2, 342.60 million from Sh5, 809.90 million in the previous week. Corresponding deals rose to 49 from 37 recorded in the previous week.

 

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