Weekly turnover at the Nairobi Securities Exchange (NSE) rose to Ksh3.4 b***ion in the week ended March 22, driven by busy activity from the banking sector. Last week, the bourse had an equity turnover of Ksh3 b***ion.
With the banking sector moving shares worth Ksh1.5 b***ion over the five trading days, lenders managed to account for 43.50% of the week’s total traded value.
The improved activity from banks seems to be a reaction from a court ruling last week that froze the interest rate cap, leaving banks with free rein and in turn attracting investors.
A rise in volume of shares at the bourse also saw the number of stocks traded d****g the week jump from the 110 m***ion shares posted d****g the previous week to end Friday on 121 m***ion shares.
The up***d trend in activity also infected the Bond market, which rose by Ksh1 b***ion to end the week on Ksh14 b***ion.
NSE Indices
The All Share Index rose for the second day in a row, with a 1.22% rise to stand at 160.00.
The NSE 25 Share Index also finished in the green zone, adding 39.13 points to settle at 3979.24.
Finishing in the red zone was the NSE 20 share Index, which was down 8.87 points to stand at 2887.17.
Friday’s Trading
Investors wealth at the NSE on March 22 stood at Ksh2.39 tr***ion, shedding marginally from the previous trading session.
Equity turnover as against Thursday’s trading rose to Ksh523 m***ion, while volume of shares slum*** to Ksh18.6 m***ion. The bourse saw 839 equity deals in total.
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