In the period which ended on the 25th of September 2020 the Nairobi Securities Exchange (NSE)’s weekly turnover recorded a drop of 3.4 billion Kenyan Shillings. This is much lower than the 5 billion Kenyan Shillings turnover achieved in the week before.
The amount of shares that were traded got up to 122 million shares, a figure much smaller than the 176 million shares that were traded the previous week.
Although the benchmark NSE All-Share Index (NASI) added an impressive 0.13 points to end the week at 140.37 the 0.09 percent boost was still a year to date overall loss of 15.65 percent.
The year to date performances for the Nairobi Securities Exchange (NSE) 20 and the Nairobi Securities Exchange (NSE) 25 are at a negative of 30.39 percent and 20.93 percent as at the time of writing this article.
The Kenyan banking sector which was powered by powerful interests from foreign investors came out as the most actively traded sector. Its shares transacted were worth 1.7 billion Kenyan Shillings leading to the sector making up 50.79 percent of the week’s total traded value.
In the banking sector Equity came out as the most active counter with 35 million shares which were being traded at between 35.45 Kenyan Shillings and 37 Kenyan Shillings, and valued at 1.2 billion Kenyan Shillings
KCB traded 7.6 million shares for 38.90 per share and valued at 291 million Kenyan Shillings.
The top mover for the week was telecommunications giant; Safaricom with a total of 47.8 million shares which were valued at 1.4 billion Kenyan Shillings. This made up 41.78 percent of the total equity turnover and 39.18 percent of the volumes traded during the week
Safaricom was the week’s prime mover with 47.8 Million shares valued at KSh 1.4 billion traded. This accounted for 41.78 % and 39.18% to the total equity turnover and volumes traded in the week, respectively.
The derivatives ended the week with a total of 19 contracts concluded during the week’s trading period which were valued at 596,000 Kenyan Shillings.
The secondary bond market also saw a drop in activity with the bonds transacted valued at 12.0 billion Kenyan Shillings as opposed to the 15.5 billion Kenyan Shillings worth of bonds transacted in the previous week.
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