Equities Headed South in Monday’s Session at the NSE

By Juma Fred / November 14, 2017



shilling

Equities went down in Monday’s session at the Nairobi Security Exchange with all major indicators closing south on 58.17 percent higher turnover.

Safaricom Limited was the top mover of the day. The telecommunication maintained the position with unchanged share price. However, the top five traded counters on Monday closed the day lower at price except for British American Tobacco Kenya Limited which held the previous price at 800.00 shillings per share.

On Monday, the top five movers of the day accounted for 96.3 percent of the total market turnover with shareholders’ funds declining by 9.22 billion shillings in the session compared to the previous session.

The foreign desk increased its activity on Monday to account for 81.31 percent of total market turnover in Monday’s session compared to 39.56 percent recorded in Friday’s session.

88.91 percent traded on Safaricom as foreign investors persisted their selling stance on the counter recording the day’s highest net outflows. Foreign investors bought into Equity Group Holdings Plc (NSE: EQTY) which recorded the highest net inflows in the session. In overall, the foreign desk exuded net selling activity for the sixth consecutive session.

Bonds turnover, on the other hand, declined by 1.96 percent to 2.17 billion shillings in the session on 31 deals from 28 deals previously.

On Monday, the top five gainers of the day were Stanlib Fahari Income, Mumias Sugar Company, Eveready East Africa, and Trans-Century while the top loser’s domain was dominated by Sameer Africa, National Bank of Kenya, Uchumi Supermarket and Unga Group. The Top movers’ shelve was dominated by Safaricom Limited, Kenya Commercial Bank, Equity Group, Co-operative Bank of Kenya and the Kenya Airways.

Despite the current political uncertainties in the country, the market has remained resilient after being on the receiving end of the last four months with billions already have gone down the drain.



About Juma Fred

Juma Fredrick is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. You can reach him on: (020) 528 0222 or Email: [email protected]

View other posts by Juma Fred


More Articles From This Author







Other Related Articles








SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2018
  • January 2018 (291)
  • February 2018 (220)
  • March 2018 (279)
  • April 2018 (226)
  • May 2018 (240)
  • June 2018 (58)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (206)
  • July 2017 (190)
  • August 2017 (196)
  • September 2017 (186)
  • October 2017 (236)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (167)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (250)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (244)
  • December 2016 (154)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (171)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950