Increased participation of foreign investors heavy hitters – including Safaricom, Equity Group, and Stanbic Holdings(SBIC) – pushed up turnover at the Nairobi Securities Exchange to Ksh908.81 million on Friday 20th, November 2020.
The day’s prime movers were topped by Safaricom, which traded a volume of 19.62 mMillion shares at the price of Ksh32.00 from the previous Ksh31.45, an increase of 1. 75%.
The Safaricom counter had 92.9% participation from foreign investors in 224 deals and recorded a turnover of Ksh627.92 Million.
Equity, which was the top mover on Thursday, dropped to second position behind Safaricom with a volume of 3.35 million, at the price of Ksh35.35 – a drop of 1.67% from Ksh35.95. Equity had 59 deals with 75.2% participation of foreign investors and a turnover of Ksh118.41 million.
The top price gainer was BOC which was up 10% to Ksh66.00 with one deal transacting a volume of 100 shares, resulting in a turnover of Ksh6,600.
Other top performers were East African Cables which was up 9.38% to Ksh1.40. On Thursday, November 19, 2020, East African Cables closed at Ksh1.28, recording a 2.29% drop from its previous closing price of Ksh1.31, making the counter one of the most volatile.
Home Afrika gained 8.11% to Ksh0.40, Olympia Capital climbed 5.91% to Ksh 2.33, and Housing Finance edged up 4.97% to Ksh3.17.
The worst performing counters were led by East African Portland Cement which was down 9.72% to Ksh13.00, Carbacid Investments which was down 5.12% to Ksh8.52, Sanlam Kenya which declined 3.33% to Ksh11.60, ABSA Kenya which lost 1.84% to Ksh9.58 and Equity Group which fell 1.67% to Ksh35.35.
Apart from Safaricom and Equity, other top movers included Centum Investment (3.05 Â million), Stanbic Holdings(651,500), and Kenya Reinsurance( 449,700).
The NSE 20 was up 1.48 to 1785.88 while the NSE 25 climbed 14.71 to 3255.68. The NSE All-Share Index was up 1.34 to 143.72.
The derivatives market had no contracts concluded while bond turnover worth KSh2.44 billion transacted in 58 deals against the Ksh1.06 billion transacted previously.
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