Kenya smallholder tea farmers earn Sh63.6 billion from tea exports
Telecommunications and technology sector dominates trade at NSE
By TF News Reporter
The telecommunications and technology sector dominated trade at the Nairobi Securities Exchange (NSE).last week by moving 172.14 million shares that accounted for 70.58 per cent of all shares traded.
Other sectors that dominated trade include banking that transacted 46.37 million shares accounting for 19.01 per cent and energy and petroleum that traded 8.86 million or 3.63 per cent of all shares.
Safaricom, Equity Bank and KCB were the three most active counters with 172.14 million, 24.63 million and 11.58 million shares traded, respectively.
The least active sector was Automobile and Accessories sector with 95,800 shares.
The biggest closing and average price gain for the week was for British American Tobacco Ltd at Sh12 and Sh3.30 per share, respectively.
The biggest closing and average price loss was for East African Breweries at Sh19 and Sh12.2 per share, respectively. Of the 54 active counters, 13 had average price gain in the week compared to 19 counters for last week.
The week saw equities turnover rise by Sh1.44 billion, bonds turnover increased by 6.99 billion, and number of shares traded up by 86 million.
On the decline was Market Capitalization by Sh55.82 billion, and all the market indices; NASI, FTSE NSE Kenya 15 Index, FTSE NSE Kenya 25 Index, NSE 20 Share Index and FTSE NSE Bond Index.
The NSE 20 Share Index closed the week at 4,708.05 points down from last week’s 4,814.12 points.
The NASI declined to 120.39 points from 124.36 points recorded on August 22, 2013. Market capitalization that measures shareholders’ wealth was Sh1, 692.67 billion down from Sh1, 787.49 billion.
However, equity turnover rose to Sh5, 030.06 million on account of increased shares traded.
The FTSE NSE Kenya 15 Index, which measures stocks performance of 15 largest companies by market capitalization, closed the week at 156.72 points down from 162.43 points.
The FTSE NSE Kenya 25 Index, which measures 25 most liquid stocks at NSE, declined to 158.79 points from 164.77 points of last week. FTSE NSE Bond Index was unchanged at 94.06 points from last week’s level.
Bonds trading activity increased by 298.47 per cent as turnover closed at Sh9, 334.60 million from Sh2, 342.60 million in the previous week. Corresponding deals were unchanged at 49 from last week.