Kenyan markets ended higher during the week in volume and turnover recording 35.37% and 19.64% respectively.
The Nairobi Securities Exchange witnessed a turnover of Ksh 2.8 billion compared to the previous one of Ksh 483.5 million. The markets traded 111 million shares in the week with a daily average of 19.6 million shares.
Foreign investors accounted for 64.9% of the week’s total activity compared to 68.1% in the previous week.
They were net buyers logging net inflows of KSh 481.8 million compared to a net outflow of KSh 6.9 million the previous week.
According to the Central Bank of Kenya Weekly Bulletin, Dec. 13, the NSE 25 Share price remained stable, increasing by 0.02%, while the NASI and market capitalization both increased by 1.1% during the week ending Dec.12
“However, following a short trading week, total shares traded, equity turnover and the number of deals decreased by 27.4%, 39.9% and 32.6% respectively,” said the CBK.
The performance in NASI was driven by gains recorded by large-cap stocks such as Standard Chartered, Barclays, KCB Group and Safaricom of 3.3%, 2.8%, 1.5%, and 0.7%, respectively.