Foreign buyers’ frenzy triples Nairobi bourse turnover to Sh866 million

Trading at the Nairobi bourse has tripled at the restart on Wednesday with equity turnover rising to Kes 866.1 million from Kes 270 million on Monday, May 31.

The number of shares traded in the Nairobi Securities Exchange (NSE) trading session increased to 16.4 million from 14.4 million shares previously.

Alcohol manufacturer East African Breweries, telco giant Safaricom and Equity Group counters led the day’s trading with turnovers of Kes 385 million, Kes 240.3 million and Kes 119.9 million respectively with foreigners being net-buyers of the stocks.

In the fixed income market, however, the turnover decreased by 57.50 per cent to Kes 2.66 billion from Kes 6.27 billion worth of bonds traded previously.

Read also: Treasury sets up fund to collect money for loan payments

The day’s top gainers were Nation Media Group stock that rallied 9.9 per cent to close at Kes 20.55 closely followed by Carbon dioxide gas producer Carbacid Investments share which gained 8.06 per cent to close at Kes 11.40 apiece.

Regional flour maker Unga Group share also gained 7.14 per cent to close the day at Kes 30 even as beauty care products manufacturer, Flame Tree, share value increase by 6.15 per cent to close at Kes 1.38.

In the manufacturing and allied segment, BOC Gases share price shed 2.67 per cent to Kes 73 from Kes 75 traded previously.

Underwriters Britam, Sanlam as well as Liberty share prices also lost value in a day when CIC and Jubilee gained marginally in the insurance counter of the bourse.

In the banking counter, NCBA Group share gained the most recording 2.88 per cent jump to Kes 26.75 even as mortgage provider, HF Group, shed 6.3 per cent of its value to close at Kes 3.57 per share, becoming the biggest loser of the day.

[email protected]

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox, every month.

We don’t spam! Read our privacy policy for more info.