Tuesday’s NSE Equity market up 263 percent to Sh228 million
Equity market activity at the Nairobi Securities Exchange (NSE) saw a 263.16 percent surge in Tuesday trading closing at Kes227.59 million from Kes62.67 million on Monday, indicative of renewed investor interest in the NSE.
However, despite the boost in trading activity, the benchmark indices experienced a downward trajectory. The NASI dipped by 0.16 percent, the NSE 10 declined by 0.70 percent, and the NSE 20 slipped by 0.41 percent, concluding at Kes95.39, Kes946.95, and Kes1505.47, respectively.
These figures contributed to a year-to-date performance of (25.17) percent for NASI and (10.18) percent for NSE 20. Additionally, foreign investors registered net outflows of Kes76.62 million, an increase compared to the net outflows of Kes3.71 million recorded on Monday.
The uptick in trading activity is a positive sign but the decline in benchmark indices, including NASI and NSE 20, highlights the ongoing challenges and uncertainties facing the market. These challenges may be attributed to a variety of factors, including global economic conditions, market sentiment, and regulatory changes, all of which continue to influence investor decisions.
Foreign investors’ increased net outflows, moving from Kes3.71 million to Kes76.62 million, signify a shift in investment patterns and risk perception.
