4th April 2017 Market Report

The NSE Market Continues to Drop

The market slopped downwards across all indices. NSE 20 Share Index dropped by a margin of 0.30% to settle at 3,096.83 points. NSE 25 Share Index and NASI also declined by 0.04% and 0.24% to stand at 3,482.44 and 131.19 points respectively. Market Capitalization shrunk slightly by 0.19% to KES 1,904.20Mn.

The market was dominated by foreign activity at 83.08%.

Market turnover and Volumes gained ground boosted by Safaricom which traded 26Mn shares worth KES 480.72Mn moving 74.98% of the day’s traded value. Market turnover stood at 641.09Mn, 122.93% higher than Monday while Volumes rose by 117.04% to 32.99Mn.

The telecommunication sector lost 0.81% to settle at 207.99 with Safaricom dropping to KES 18.30.