NAIROBI, KENYA, NOVEMBER 24 ― The Nairobi Securities Exchange (NSE) closed the week weaker compared to last week as overall trading activities for the seven days reduced.
The Bourse closed the week with a total of 53 million shares valued at Ksh1.6 billion, against 82 million shares valued at Ksh2.0 billion posted the previous week.
During the week, the NSE 20 share index was down 45.47 points to settle at 2760.84. All Share Index (NASI) also ended the week 0.77 points lower to settle at 144.13 while the NSE 25 Share index was down 1.11 per cent to stand at 3621.18.
The Banking Sector had shares worth Ksh939 billion transacted which accounted for 55.97 per cent of the week’s traded value.
Stanbic Holdings actively moved 3.8 million shares valued at Ksh355.5 million at between Ksh91.00 and Ksh93.50. Equity Group Holdings down 0.64 per cent to Ksh39.00 had 5.5 million shares valued at Ksh221 million traded.
On the other hand, KCB Group moved 5.2 million shares worth Ksh203 million and closed the week at Ksh28.75.
In the Energy and Petroleum Sector, shares worth Ksh39.9 million were transacted which accounted for 2.36 per cent of the week’s traded value
. Kenya Power which released its nine- month financial results on Friday with a 64 per cent drop saw 7.1 million shares valued at Ksh25.7 million traded. It closed the week at Ksh3.50.
Oil marker- KenolKobil moved 361,000 shares valued at Ksh6.8 million and closed the day at Ksh18.60.
The Insurance Sector had shares worth Ksh10.7 million traded and accounted for 0.64 per cent of the week’s turnover.
Britam Holdings had 299,000 shares valued at Ksh3.1 million transacted during the week at between Ksh10.20 and Ksh10.85.
Kenya Re Insurance down 0.98 per cent to Ksh15.20 saw 189,000 shares valued at Ksh2.9 million transacted.
The Manufacturing and Allied Sector had shares worth Ksh403 million transacted which represented 24.02 per cent of the week’s traded value.
East African Breweries moved 1.5 million shares valued at Ksh245 million at between Ksh160.00 and Ksh170.00. BOC had 150,000 shares worth Ksh11.2 million traded and closed the week at Ksh75.00.
Safaricom was the week’s biggest mover with 16.9 million shares valued at Ksh403 million changing hands at between Ksh23.50 and Ksh24.00. The telco’s share activities represented 24.05 per cent of the week’s traded value.
In the Bond Market, increased activities were registered with bonds worth Ksh10.12 billion transacted compared to Ksh8.3 billion posted the previous week.