Shareholders at the NSE Lost Ksh 27.4 Billion in Three Days

The equities’ indicators closed the day on Wednesday in the red, making that three sessions of poor performance in a row.

Shareholders have lost 27.4 billion shillings in the three-day period this week with shares traded increasing marginally (+189%) over the same period.

Safaricom Limited was the top mover in Wednesday’s session similar to the previous trading session while closing lower in both sessions.

The Telco accounted for 64.9% of total market turnover in Wednesday’s trading with most of the activity driven by foreign investors.

Foreign participation ticked up to 81.3 percent from 66.4 percent (previously) with Safaricom accounting for 73.2 percent of the desk’s trades. The desk recorded net selling activity with net outflows of 14.86 million shillings.

Bonds turnover closed lower at 0.49 billion shillings on 25 deals in the session from 1.29 billion shillings on 71 deals previously.

Here is an overview of what went down in the agricultural and banking sectors: