The first day of the week saw trading at the Nairobi Stock Exchange (NSE) accumulate an equity turnover of KES 477, 099,288 made from 1071 equity deals. In comparison, the market was closing on the red despite closing-off by selling 17,276,600 shares trading.
From the data, this is a 47% decline in the volume, with the turnover also taking a hit of 54% decline. This was plus the number of deals at the NSE, even declining by 13% from the previous close. As it stands, the current market capitalization is also in the red at KES 2.06 trillion, a drop from its last KES 2.075 trillion.
NSE Daily losers and gainers
Liberty Kenya Holdings (CFCI) took the pole position of the top gainers with a share price change of +3.66% to close off at KES 8.50 per share. Further, Jubilee Holdings (JUB) came in second with an appreciation of 3.04% to hit highs of KES 279.59 per share. Umeme Limited (UMME) at +2.91% and Williamson Tea Kenya (WTK) at +2.45% and CIC Group closed-off the list of best gainers trading at KES 2.22 per share after adding value by 2.30%.
On the losing end, Uchumi took the biggest plunge with a depreciation slotting in at 10% to trade at KES 0.27 per share. Sasini Tea and Coffee- SASN (-6.47%), Kenya Airways (-5.38%), Carbacid Investments (-4.49%) and Kenya Re (-3.85%) would make up the sum of the day’s biggest losers.
The NSE stats
Safaricom (SCOM) saw the most substantial share volume, with 6.8 million shares traded. Additional movers with majority shares traded also included Equity (4.1 million), KCB (2.3 million) and ABSA Kenya, formerly Barclays (1.5 million)
As per the closing, the NSE All-Share Index (NASI) stood at 135.82 points, a positive gain that sees it inch up by 0.03%. According to the data, this presents an accumulation of a 4-week increase that sums up to +8.58% despite the bearish markets.