This archive report was first published on 3 November 2021.
On Wednesday, the Nairobi Securities Exchange (NSE) saw a significant drop in equity turnover, with a 13.7% decline to KSh 417.7 Million compared to the previous day's KSh 483.9 Million.
The volume of shares traded also decreased, falling by 15.9% to 12.3 Million shares from the previous day's 14.6 Million shares.
Despite the decline, foreign investors increased their participation in the market, with a 7.7% rise to 69.7% of total transactions.
Safaricom was the top performer, with 8.1 Million shares changing hands at KSh 41.60 per share, accounting for 80% of the market's transactions and 78.5% of foreign investor participation.
Other notable movers included KPLC, East African Breweries, and Nairobi Business Ventures.
Top Price Gainers and Worst Performing Counters ¶
The top gainers were led by Eaagads, whose share price increased by 9.27% to KSh 13.55, followed by Stanbic Holdings, BOC Kenya, Carbacid Investments Plc, and Sasini.
The worst performing counters were led by Longhorn Publishers, Nairobi Business Ventures, Home Afrika, Crown Paints, and Absa NewGold EFT.
Participation of Foreign Investors at the NSE ¶
Foreign investors were active in the market, buying shares worth KSh 1.2 Million in Equity Group Holdings, KSh 0.5 Million in Absa Gold EFT, and KSh 0.1 Million in Carbacid Investments.
They also sold shares worth KSh 60.2 Million in Safaricom, KSh 12.2 Million in East African Breweries, and KSh 4.3 Million in BAT Kenya.
NSE Bonds and Derivatives Segment ¶
The Secondary Bonds market saw a significant increase in turnover, with KSh 2.7 Billion traded from 93 deals, compared to KSh 1.5 Billion from 90 deals at the previous session.
The Derivatives market also saw an increase, with 39 contracts worth KSh 1,374,455 concluded compared to 6 contracts worth KSh 273,020 at the previous session.
