For the second trading session in a row, investors wealth at the Nairobi Securities Exchange (NSE) fell, leaving shareholders less wealthy on May 29.
Having posted Ksh2.289 trillion at closing bell on Wednesday, market capitalisation at the bourse dropped to Ksh2.27 trillion.
The slump in worth of stocks at the NSE was despite an increase in equity turnover, volume of shares as well as total deals transacted at the bourse on Thursday.
With the sale of shares of Safaricom and Equity Group surging, the NSE turnover rose to Ksh1 billion.
During the previous trading session, the bourse had posted a turnover of Ksh722 million.
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Volume of shares jumped to 39.9 million shares as against 29.9 million stocks, while the deals transacted stood at 1,271 compared to 906 previously.
All the indices counters at the NSE ended the day blinking red.
- All Share Index NASI shed 1.27 points to stand at 150.06.
- The NSE 20 share Index was down 10.98 points to stand at 2659.56.
- The NSE 25 Share index dropped 27.12 points to stand at 3609.98.
NSE Sectors Wrap
The Banking Sector had shares worth Ksh495 million transacted, accounting for 47.98% of the
day’s traded value.
Co-operative Bank and Equity Group Holdings actively moved 9 million and 5.9 million shares. KCB Group, which was down 35cents to Ksh40, moved 3 million shares.
In the Commercial & Services sector, shares worth Ksh40.5 million were traded and accounted for 3.92% of the day’s traded value.
The Energy & Petroleum sector had shares worth 7.5M traded & accounted for 0.73% of the day’s traded value. The Manufacturing and Allied sector had shares worth Ksh154 million traded, accounting for 14.99% of the day’s traded value.
In the telecommunication sector, Safaricom closed the day as the highest volume mover, with 11.9 million shares valued at Ksh329 million changing hands.
The Bond market had bonds worth Ksh4.3 billion transacted.
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