Market Report: 13 March, 2020

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) this week.

A total of 42,501,100 shares in 1,834 deals, corresponding to a market value of KES 1,178,386,193.00, were traded. The closed the day with a market capitalization is KES 2.04 trillion.

Compared with the previous NSE trading day, today’s data shows 33% decline in volume, 36% decline in turnover, but 19% improvement in deals.

In the aggregate, 49 NSE listed equities participated in trading, ending with five gainers and 38 losers.

Liberty Kenya Holdings Plc [LBTY] led the gainers with ✅8.83% share price appreciation closing at KES 7.64 per share, followed by:

✅Sasini Plc [SASN] (+7.84%)
✅STANLIB Fahari Income REIT [FAHR] (+4.76%)
✅Eaagads Plc [EGAD] (+0.46%).

On the losing side, Sanlam Kenya Plc [SLAM] came out last with an end-of-day price depreciation of ?10.00% closing at KES 13.95 per share, followed by:

?East African Cables Plc [CABL] (-10.00%)
?Jubilee Holdings Plc [JUB] (-9.7%)
?Total Kenya Plc [TOTL] (-8.93%).

Safaricom Plc [SCOM] recorded the highest volume of 29.9 million traded shares, followed by:

➖KCB Group Plc [KCB] (6.95m)
➖Equity Group Holdings Plc [EQTY] (2m)
➖Co-operative Bank of Kenya [COOP] (876,600).

➡️The benchmark NSE All Share Index [NASI] dropped ?7.80 points to close at 133.66

➡️The NSE 20 Share Index dropped ?112.03 points to close at 2124.78

➡️The NSE 25 Share Index dropped ?210.90 points to close at 3337.61

The NSE’s derivatives market, [NEXT], used by investors to leverage risk on the spot market had 5 KCB contracts concluded in 3 trades and 3 Safaricom contracts expiring 19th, March concluded in 1 trade. Total turnover for the derivatives market was Kes 303,000, up from the one KCB contract worth Kes 47,000 traded in yesterday’s session.

The Bond market closed Friday with a decline in trading statistics with a turnover of 1.68 Billion in 146 deals as compared to yesterday’s trades valued at Kes 2.33 Billion which was achieved in 140 deals.

The current NSE market capitalization is KES 2.03 trillion.

Data: NSE

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