NSE Nairobi

Market Report: 08 May 2020

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

A total of 15,627,000 shares in 1,190 deals, corresponding to a market value of KES 645,893,234.00, were traded.

Compared with the previous NSE trading day (Thursday, May 7), today’s data shows 20% decline in volume, 40% decline in turnover, and 17% decline in deals.

The current NSE market capitalization is KES 2.14 trillion.

In the aggregate, 47 NSE listed equities participated in trading, ending with 24 ✅gainers and 16 ?losers.

East African Cables Plc [CABL] led the gainers with ✅9.2% share price appreciation closing at KES 1.90 per share, followed by:

✅Eveready East Africa Plc [EVRD] (+8.00%)
✅Sanlam Kenya Plc [SLAM] (+6.31%)
✅Kenya Airways Plc [KQ] (+4.96%).

On the losing side, Eaagads Plc [EGAD] came out last with an end-of-day price depreciation of ?10.00% closing at KES 9.00 per share, followed by:

?Standard Group Plc [SGL] (-10.00%)
?Limuru Tea Company Plc [LIMT] (-6.43%)
?East African Breweries Plc [EABL] (-4.48%).

Safaricom Plc [SCOM] recorded the highest volume of 8.4 million traded shares, followed by:

➖Equity Group Holdings Plc [EQTY] (1.49m)
➖KCB Group Plc [KCB] (1.13m)
➖Kenya Power & Lighting Company Plc [KPLC] (815,800).

➡️The benchmark NSE All Share Index [NASI] declined ?1.93 points to close at 140.87

➡️The NSE 20 Share Index declined ? 6.52 points to close at 2034.71

➡️The NSE 25 Share Index declined ?46.33 points to close at 3352.96

The derivatives market of the NSE closed the last day of trading this week with a decline in activity with a total of two contracts concluded valued at Kes 38,960. One Safaricom and one ABSA Bank single stock futures were traded. This was against yesterday’s turnover of Kes 119,000 achieved off 3 contracts.

The secondary Bond market at the Nairobi Securities Exchange recorded moderate growth in activity with bonds worth Kes 2.73 Billion trading in 108 deals, as compared to yesterday’s turnover of Kes 2.27 Billion which was achieved in 94 deals.

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