A Nairobi Securities Exchange (NSE) staff monitors electronic trade. FILE PHOTO | NMG
Summary
- The traded turnover rose from 2.33 billion the previous week, mostly because of the Equity stock which accounted for 38 per cent of shares traded during the week.
- On Thursday, Equity moved 68.6 million shares on a block trade by a local investor, with the session alone accounting for 57 per cent of the week’s traded turnover.
Turnover at the Nairobi Securities Exchange (NSE) doubled to Sh5.47 billion last week with Equity Bank’s stock the most traded.
The
traded turnover rose from 2.33 billion the previous week, mostly
because of the Equity stock which accounted for 38 per cent of shares
traded during the week.
On Thursday, Equity moved 68.6
million shares on a block trade by a local investor, with the session
alone accounting for 57 per cent of the week’s traded turnover.
The total number of shares traded at the market during the week stood at 186.3 million.
“Equity
turnover soared 454.3 per cent to Sh3.12 billion on Thursday— an
all-time high for a single session. On a local block trade, activity
was mainly dominated by Equity Bank which accounted for a staggering
82.4 per cent of total turnover,” said Standard Investment Bank in a
market report on Thursday.
Even as turnover soared
however, the main indices ended week flat. The NSE 20 share index shed
just three points to close the week at 3604 points, while the NSE All
Share Index was down 0.7 points to end the week at 152.2 points.
Top blue chip counters such as Safaricom
, EABL , KCB and Equity
recorded only marginal movement in share prices during the week
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