An employee makes notes in front of an electronic stock information screen inside the Nairobi Securities Exchange. On Monday, trading had ended at Ksh 569 million from a volume of 21 million shares. Credit: Riccardo Gangale/Bloomberg

Investor wealth at the Nairobi Securities Exchange (NSE) on May 15 retreated to Ksh2.182 trillion on a day that saw turnover at the bourse plummet by Ksh655 million.

Having posted a market capitalisation of Ksh2.199 trillion on Wednesday, the bourse lost Ksh16.9 billion at the closing bell on May 16.

Equity turnover also plummeted, from a week high of Ksh1.1 billion to close at Ksh458 million.

Volumes at the NSE also dropped to 13.7 million. On Wednesday, the bourse had posted volume shares of 29 million, the highest in six weeks.

The All Share Index (NASI) was also affected by the slump. On 15 May, the NASI had arrested a 13-day consecutive dip to settle at 147.01. However, on May 16, it retreated to 145.89, shedding 1.12 points.

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Other indices also receded, with the NSE 20 share Index down 18.84 points to stand at 2663.45 while the NSE 25 Share index dropped 17.69 points to stand at 3534.64.

The bond market however bucked the trend, rising from Ksh1.6 billion to Ksh2.9 billion.

NSE stock price gainers and decliners

The day’s top gainer at the NSE was NIC Group, whose stock price jumped to Ksh31.60, an 8.59% increase.

Olympia Capital Holdings meanwhile nudged 6.52% upwards to end the day at Ksh2.45, while CIC Group registered a 6.21% improvement.

Uchumi Supermarkets, whose share price has been falling, also managed to tick upwards with its stock price at Ksh0.33, a 6.06% uptake.

Mumias Sugar also moved from Ksh0.34 to Ksh0.36, rounding up the top five gainers at the NSE with a 5.88% bump.

On the decliners table, Trans-Century Limited headlined with a 9.34% drop to Ksh3.01.

Scangroup shot down by 9.09% to end the day at Ksh11.50, with BOC Kenya shedding 7.2% to Ksh58.

Kenya Airways and Total Kenya were also among the top decliners at the day’s trading.

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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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