Capital Markets

NSE shares rally as year concludes

NSE

A Nairobi Securities Exchange employee monitors trading on the electronic board in October. Listed stocks rallied in the last week of the year with market capitalisation or shareholder wealth rising Sh38 billion to Sh2.3 trillion. PHOTO | EVANS HABIL

Listed stocks rallied in the last week of the year with market capitalisation or shareholder wealth rising Sh38 billion to Sh2.3 trillion.

The Nairobi Securities Exchange (NSE) 20-Share Index gained 140.89 points to hit 5112.65, closing the year above the psychological 5000 points.

The NSE All-Share Index (Nasi) was slightly up during the week by 2.71 points to reach 162.89 points compared to the end of last year. Both indices were up by 3.77 and 19.2 per cent, respectively.

Top gainers

Top gainers on Wednesday, compared to the beginning of the week, were motor vehicle dealer Marshalls East Africa up 8.67 per cent, British American Investments (Britam) at 7.56 per cent and Olympia at 5.77 per cent.

The top losers were Total Kenya at 9.38 per cent, Williamson Tea and Express Kenya 4.84 per cent each.

“The bourse closed the year 2014 on an upward trend, with the benchmark NSE 20 Share Index gaining to settle at 5112.65 whereas the broader All Share Index closed the year at 162.89,” said the NSE market report.

The turnover rose to Sh1.2 billion on a volume of 38 million shares, up from last Wednesday’s Sh4.7 billion on a volume of 65.7 million shares.