An analyst at the Nairobi Securities Exchange (NSE). A CBK report has warned that dominance of the bourse by foreign investors could crash Kenyan markets.

Market turnover at the Nairobi Securities Exchange (NSE) retreated heavily on September 12, as the bourse lost Ksh644 million from the previous trading session.

Posting a turnover of Ksh103 million on Thursday, the bourse recorded a slump from the Ksh747 million that had been traded by closing bell the previous day.

In terms of volumes, a meagre 2.9 million shares were transacted. On Wednesday, the NSE had seen 45 million shares exchange hands, meaning Thursday’s trading saw a decline of 42.1 million shares.

Despite the downturn in market turnover and volumes, market capitalisation — the measure of investor wealth at the bourse inched up marginally.

From a posting of Ksh2.15 trillion yesterday, the NSE saw investor wealth rise to Ksh2.16 trillion on Thursday,

At the same time, market indicators performed well, with all indices finishing in the green zone.


All Share Index (NASI) edged up 0.51 points to stand at 143.98, with the NSE 20 share Index up 4.89 points to stand at 2442.04. The NSE 25 Share index meanwhile added 12.68 points to settle at 3446.56.

The Bond market, at closing bell, had bonds worth Ksh1.3 billion transacted, retreating from Ksh1.4 billion the previous day.

NSE Derivatives Market and Sectors

On the derivatives market, two Safaricom contracts expiring on December 19 worth Ksh54,000 were concluded at a price of Ksh27.

Meanwhile, the sectors performed as such;


The Banking Sector had shares worth Ksh36 million transacted which accounted for 35.02% of the day’s traded value.

Equity Group Holdings moved 600,000 shares valued at Ksh22.8 million at between Ksh38 and Ksh38.40.

Standard Chartered Bank unchanged at Kes.195.00 moved 23,000 shares valued at Kes.4.6M. KCB Group up 1.18% to Kes.38.45 moved 102,000 shares worth Kes.3.9M.


The Insurance sector had shares worth 8.3M traded which accounted for 8.06% of the day’s traded value.

Jubilee Holdings closed 1.37% higher to Kes.370.00 moving 7.5M shares valued at Kes.7.5M.

Manufacturing & Allied

The Manufacturing and Allied sector had shares worth 22.9M traded & accounted for 22.06% of the day’s traded value.

E.A Breweries exchanged 100,000 shares worth Kes.19.8M at between Kes.197.75 and Kes.199.75. B.A.T moved 6,000 shares valued at Kes.3M and closed at Kes.486.25.


Safaricom had 1.1M shares valued at Kes.31M transacted at between Kes.27.05 and Kes.28.00;
this represented 30.47% of the day’s traded value.

About the Author

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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