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Market Report; 07 September, 2020

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

A total of 18,193,500 shares in 910 deals, corresponding to a market value of KES 501,490,225.00, were traded.

Compared with the previous NSE trading day (Friday, September 4), today’s data shows 13% improvement in volume, 160% improvement in turnover, but 32% decline in deals.

The current NSE market capitalization is KES 2.07 trillion.

In the aggregate, 47 NSE listed equities participated in trading, ending with 21 ✅gainers and 14 ?losers.

ILAM Fahari Income REIT [FAHR] led the gainers with ✅9.06% share price appreciation closing at KES 5.54 per share, followed by:

✅Uchumi Supermarkets Plc [UCHM] (+7.14%)
✅Nation Media Group Plc [NMG] (+7.08%)
✅Flame Tree Group Holdings [FTGH] (+5.26%).

On the losing side, Stanbic Holdings Plc [SBIC] came out last with an end-of-day price depreciation of ?8.19% closing at KES 78.50 per share, followed by:

?Britam Holdings Plc [BRIT] (-7.39%)
?CIC Insurance Group Plc [CIC] (-3.33%)
?Express Kenya Plc [XPRS] (-3.19%).

Safaricom Plc [SCOM] recorded the highest volume of 12.9 million traded shares, followed by:

➖KCB Group Plc [KCB] (1.82m)
➖Kenya Power & Lighting Company [KPLC] (963,600)
➖Kenya Re-Insurance Corporation [KNRE] (591,700).

➡️The benchmark NSE All Share Index [NASI] declined ?1.69 points to close at 137.58

➡️The NSE 20 Share Index declined ?5.40 points to close at 1849.64

➡️The NSE 25 Share Index declined ?38.00 points to close at 3186.43

The derivatives market of the NSE had 1 contract valued at kes 29,000 in today’s trading session.

The secondary bond market on the Nairobi Securities Exchange recorded a decline in activity during today’s session with bonds worth Kes 4.18 billion transacted in 97 deals in as compared to the Kes 6.37 billion achieved in 109 deals posted in Friday’s trading session