Market Report: 06 May 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE),[06-May-2020]

A total of 37,701,000 shares in 1,334 deals, corresponding to a market value of KES 1,641,415,971.00, were traded.

Compared with the previous NSE trading day (Tuesday, May 5), today’s data shows 118% improvement in volume, 181% improvement in turnover, and 17% improvement in deals.

The current NSE market capitalization is KES 2.25 trillion.

In the aggregate, 48 NSE listed equities participated in trading, ending with 24 ✅gainers and 19 ?losers.

Kenya Airways Plc [KQ] led the gainers with ✅8.65% share price appreciation closing at KES 1.13 per share, followed by:

✅KCB Group Plc [KCB] (+8.26%)
✅Equity Group Holdings Plc [EQTY] (+5.4%)
✅Kengen Kenya Plc [KEGN] (+3.9%).

On the losing side, Stanbic Holdings Plc [SBIC] came out last with an end-of-day price depreciation of ? 9.85% closing at KES 91.50 per share, followed by:

?Eveready East Africa Plc [EVRD] (-8.33%),
?Car and General (Kenya) [CGEN] (-8.09%)
?East African Cables Plc [CABL] (-5.95%).

Safaricom Plc [SCOM] recorded the highest volume of 13.2 million traded shares, followed by
➖ Equity Group Holdings Plc [EQTY](12.85m),
➖KCB Group Plc [KCB] (4.72m)
➖Absa Bank Kenya Plc [ABSA] (1.35m).

➡️The benchmark NSE All Share Index [NASI] gained ✅2.53 points to close at 148.22

➡️The NSE 20 Share Index gained ✅ 38.56 points to close at 2060.11

➡️The NSE 25 Share Index gained ✅ 65.46 points to close at 3511.91

The Derivatives market had three Safaricom futures contracts expiring on 18th June 2020 valued at Kes 89,900 concluded at the end of today’s trading session. This was lower as compared to yesterday’s three contracts valued at Kes 98,000.

The secondary Bond market at the Nairobi Securities Exchange recorded a decline in activity with bonds worth Kes 1.57 Billion trading in 106 deals, as compared to yesterday’s turnover of Kes 3.25 Billion which was achieved in 155 deals.

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