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Sh7 billion slump at Bond market marks weekly NSE trading

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Weekly turnover at the Nairobi Securities Exchange (NSE) rose while the Bonds market retreated during the week ending February 8.

The NSE Market Report on Friday listed a total of Ksh10 billion had been transacted at the bourse by week’s end.

Last week, the Bond market had closed trading having transacted bonds worth Ksh17 billion.

At the equities counter, the bourse ended with 176 million shares valued at Ksh6.3 billion. The previous week’s session had posted Ksh6 billion shares on account of 195 million shares.

The week’s main feature was Safaricom, who traded 85.7 million shares valued at Ksh2.2 billion.

Safaricom had on Friday released new internet data bundle packages, before watching on as rivals Airtel and Telkom confirmed a merger deal which is set to shake up the telecommunication industry.

A sector which also displayed high activity was the Banking Sector, with shares worth Ksh1.7 billion transacted during the week.

Banks such as Equity Group Holdings and KCB Group moved shares valued at Ksh928 million and Ksh387 million respectively.

READ : LFC WORLD NO LONGER COMING TO NAIROBI

The Manufacturing & Allied Sector had shares worth Ksh1.8 billion changing hands during the week.

BAT Kenya, who’s shares have been exciting the market in recent weeks, managed to move 2.6 million shares valued at Ksh1.6 billion. During the week, the cigarette maker’s share price traded at between Ksh578 and Ksh643.

NSE indices meanwhile registered gains as follows;

  • The NSE 20 share was up 77.25 points or 2.59% to stand at 3059.98
  • All Share Index (NASI) gained 5.92 points or 3.83% to settle at 160.44
  • The NSE 25 Share index rose by 138.06 points or 3.51% to settle at 4067.35

The Kenya Shilling on the other hand closed the week unchanged from Thursday.

To the US Dollar, the Ksh, was at a fairly stable price of 100.00/20 on Friday.

SEE ALSO : MASHEMEJI DERBY’S ELECTRIFYING THRILL FADES

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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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[…] at stocks of 176 million on the week ended February 8, the NSE then recorded a 49% dip in stocks the following […]