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Investor wealth at NSE rises to Sh2.17 trillion

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The measure of investor wealth at the Nairobi Securities Exchange (NSE) rose on January 17 as markets continue to react in the wake of the Riverside Attack in the country.

With a sense of vigilance and security settling in following the terror attack that rocked Nairobi on January 15, the markets seem to have settled into caution.

A wide range of businesses continue as usual but some are still showing jittery signs even with the nation’s authorities having assured the country that the situation is under control.

At the NSE on Thursday, market capitalisation which measures investor wealth rose by Ksh3.75 billion to end the trading session on Ksh2.17 trillion.

Previously, the market cap had stood at Ksh2.16 trillion on a day that had seen turnover at the bourse fall sharply.

The downward trend in turnover continued on Thursday, with the NSE hitting a plunge that saw it retreat to Ksh494 million.

Number of shares transacted also declined, with the 19.7 million shares traded on January 17 lower than the 23.3 million posted the previous day.

READ : 14 RIVERSIDE MANAGEMENT SPEAKS OUT AFTER TERROR ATTACK

However, for the third consecutive time this week, indices continued to pull positive gains, with all counters in the green zone.

The NSE 20 share Index was up 5.56 points to stand at 2849.81, with the All Share Index (NASI) ending 0.25 points higher to settle at 145.01. The NSE 25 Share index was up 17.00 points to stand at 3640.19.

In the sectors, the Agricultural sector traded shares worth Ksh30.3 million while the Banking sector rose to Ksh217.9 million from Ksh100 million previously.

The Energy & Petroleum sector had shares worth Ksh21.4 million traded, while the Investment sector moved shares worth Ksh36 million.

In the Telecommunication sector, Safaricom transacted at between Ksh23.55 and Ksh24.00 to close the day at an equity price of Ksh23.75. By moving 5.57 million shares valued at Ksh132 million, the giant telco managed to transact 26.78% of the day’s traded value.

SEE ALSO : DID THE US HAVE A TIP-OFF ON RIVERSIDE ATTACK?

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Mike Njoroge
Mike Njorogehttp://www.businesstoday.co.ke
Mike Njoroge is the founder of Daystar Oracle and FootballTriangle. He is passionate about news, religion and sports. He can be reached at: [email protected]
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