Foreign Investors Lift NSE Turnover to Sh908 Million

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 20^th, 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  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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