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Kenya's Nairobi Exchange ends week in mixed results.
Nairobi, Kenya (PANA) - The benchmark index of the Nairobi Stock Exchange (NSE) gained a few points for the first time this week, confirming the mixed trading that marked the performance of the equity market throughout the week which ended 1 March.
On Friday the NSE 20-Share Index gained 4.22 points to close at 1317.78, but failed to make up for the 11-point loss recorded Thursday.
However, aggregate daily turnover, which had been on the rise during the week, dropped to 2,160,133 shillings from 13,991,491 shillings the previous
session.
Similarly, total shares traded declined from 268,717 on Thursday to 66,949 Friday, just as total deals fell from 122 to 72.
However, the weekly summary tells a different story as aggregate turnover rose to 56 million shillings from 14.6 million shillings posted last week, while the number of shares traded rose significantly to 2.6 million in 560 deals from 696,000 in 453 deals previously.
But the NSE 20-share index retreated by a total of 14.76 points during the week to settle at 1317.78, largely due to the poor performance of counters tied to the index.
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