The number of shares traded rose on Nairobi Securities Exchange rose by 20.4 percent during the week ending May 14 on increasing optimism that the economy will be reopened.
During the week, the NASI, NSE 25 and NSE 20 share price indices declined by 6.0 percent, 6.8 percent and 3.5 percent, respectively compared to the previous week’s gains of 1.80 percent, 3.90 percent and 0.80 percent respectively that was supported by positive trends in the banking sector.
According to the Central Bank Weekly Bulletin, the bourse’s market capitalization and equity turnover declined by 6.0 percent and 7.5 percent, respectively.
Friday, 37,487,700 shares were traded in 1,468 deals, corresponding to a market value of Ksh 1,681,635,815.00. This was a 67 percent improvement in volume, 283 percent in turnover, and 20 percent in deals from Thursday’s trading.
Standard Group Plc was the top gainer with a 10 percent share price appreciation closing at KSh 19.80 per share. It was followed by Kenya Airways (+9.84%) to end at Ksh 2.01 per share.
Nairobi Business Ventures was the main loser with its share price declining by 10 percent to close at KSh 0.54 per share.
Safaricom was the lead mover with a volume of 13.4 million traded shares, followed by Equity, KCB, and East African Breweries.
The benchmark NSE All-Share Index (NASI) gained 1.14 points to close at 135.33. The NSE 20 Share Index gained 5.28 points to close at 1975.30. The NSE 25 Share Index gained 11.37 points to close at 3179.99.