NSE turnover close higher, shilling extends gains against greenback

Equity turnover at the Nairobi Securities Exchange (NSE) increased by 41.8 per cent to Kes500 million from Kes 350 million recorded at close of trading previously.

The top market traders today were telco giant Safaricom, Equity Bank Group and its rival KCB as their counters’ turnover stood at Kes 379 million, Kes 50 million and Kes 17 million respectively.

Foreign investors, who constituted about 63 per cent of the bourse activity today, were net-sellers recording outflows of Kes 100 million as compared to net inflows of Kes 60 million in the previous session.

The NSE 20 share index rallied to close the day higher at 1,911.45 points compared to 1,909.18 points on Tuesday.

Read also: NSE down 74 per cent at close, EABL leads day’s trading

Further, the NSE All-Share Index (NASI) increased marginally closing at 174.17 which was a point higher than previous session.

In the secondary bond market, the bourse turnover was up, rising by 19.21 per cent to Kes 3.38 billion from Kes 2.83 billion worth of bonds traded previously. The number of deals, however, decreased to 55 from 57 as recorded during Tuesday’s session.

The local currency gained value against the US dollar to stand at Kes 107.77 compared to Kes 107.79 recorded in the previous session.

Troubled supermarket chain Uchumi was the day’s biggest gainer, earning 3.7 per cent in value after moving 179,400 shares. Uchumi’s stock closed trading at Kes 28 cents.

The day’s top losers were regional flour company Unga Group followed by battery maker Eveready and paint maker Crown Paints. The firms’ stocks lost 8.7 per cent to Kes 26.10, 7.8 per cent to 95 cents and 5.8 per cent to Kes 38.6 respectively.

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