This archive report was first published on 14 December 2019.
The Nairobi Securities Exchange (NSE) experienced a decline in performance due to a short trading week, which resulted in decreased activity across various fronts.
According to the NSE's performance, total shares traded, equity turnover, and the number of deals decreased by 27.4%, 39.9%, and 32.6%, respectively, during the week ending December 12.
On the other hand, the NSE 25 Share price index remained stable, increasing by 0.02%, while the NASI and market capitalization both increased by 1.1% during the same period.
The Kenya Shilling remained stable against major international and regional currencies during the week ending December 11, with the local unit exchanging at KSh101.50 per US Dollar on December 11, compared to KSh101.96 on December 5.
Analysts attribute the strengthening Shilling to good diaspora remittances and dollar inflows from foreign funds following the repeal of rate caps, as well as stable forex reserves.
