STOCKS

NSE Equities Market Turnover Falls 92.65% to Sh191.3 Million

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The Nairobi Securities Exchange (NSE) posted a decrease of 92.65% to KSh191.33 million from KSh2.06 billion recorded this Thursday.

Top gainers were led by Sasini, whose price rose by 5.7% to KSh21.45 and Stanlib Fahari-REIT, whose price rose by 4.3% to KSh6.36, Umeme which increased by 3.95 to KSh8.50 and Safaricom which rose by 3.7% to KSh22.55.

The top losers were led by Flame Tree, which declined by 8.25 to KSh1.01, followed by Olympia Capital which fell by 6.75 to KSh2.52, East African Cables, which declined by 6.4% to KSh1.03 and Home Afrika, which declined by 6.3% to KSh0.30.

The benchmark indices recorded upward trends, with the NASI up 1.69% and NSE 20 up by 0.06% to close at KSh 124.27 and KSh 1,683.55, respectively.

The movement took the YTD performance for the NASI and NSE 20 to (2.51%) and 0.44%, respectively.

Foreign investors were net buyers recording net inflows of KSh5 Million as compared to net outflows of KSh2 billion previously.

Fixed Income

Secondary bond market turnover was down, decreasing by 40.15% to KSh1.68Bn from KSh2.81Billion worth of bonds traded previously. The IFB1/2022/6Yr was the day’s most traded bond.

Derivatives

Total volume contracts decreased to 4 with a value of KSh95,000 from 12 with a value of KSh289,900 in the previous session. Total open interest contracts increased to 282.

Currency

The local currency depreciated against the dollar to trade at KSh124.09 from KSh124.09 in the previous session. On a year-to-date basis, the shilling has depreciated by 9.69% to the dollar, compared to 0.32% in 2022.

Money Market

Liquidity in the money markets tightened, with the interbank rate increasing to 5.97% compared to 5.60% previously.

Next Read >> UK And US Pour Billions Into Nairobi Data Centre

Written by
BT Correspondent

editor [at] businesstoday.co.ke

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