An investor at the Nairobi Securities Exchange. PHOTO | FILE
The Nairobi Securities Exchange (NSE) rose slightly last week to 4812.57 points as foreigners’ activity intensified, with banks accounting for 74.33 per cent turnover.
Investment firm TransCentury was the biggest gainer in the week at 12 per cent averaging at Sh14 last Friday compared to Sh12.50 the previous week.
“Foreign investor participation was at 68.5 per cent compared to 50.5 per cent in the previous session. Equity Bank was the top mover accounting for 65.2 per cent of the market on foreign investor trading,” said Standard Investment Bank in an update.
The biggest losers were Williamson Tea, Limuru Tea and Uchumi Supermarkets that shed 16.7, 9.2 and 8.3 per cent, respectively. Loss-making Uchumi recently sacked its chief executive and chief financial officer.
Total market turnover for the week soared to Sh11.5 billion from Sh5.1 billion posted the previous week.
The banking sector had 186 million shares traded.
“Equity Group Holdings was the week’s biggest mover with 167 million shares changing hands at between Sh45 and Sh47.50,” said the NSE weekly report.
The manufacturing & allied sector moved 13 million shares, which represented 5.47 per cent of the week’s traded volume with EABL declining by Sh18 to stand at Sh290.
The energy and petroleum sector moved 9.4 million shares, which accounted for 3.78 per cent of the week’s traded volume.
The investment sector had 8.3 million shares traded and represented 3.34 per cent of the week’s volume. Centum Investment saw 7.5 million shares changing hands at between Sh63 and Sh66.
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