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Market Report; 08 September, 2020

At the end of today’s trading session on the Nairobi Securities Exchange (NSE).

A total of 10,284,400 shares in 1,098 deals, corresponding to a market value of KES 177,661,283.00, were traded.

Compared with the previous NSE trading day (Monday, September 7), today’s data shows 43% decline in volume, 65% decline in turnover, but 21% improvement in deals.

The current NSE market capitalization is KES 2.06 trillion.

In the aggregate, 46 NSE listed equities participated in trading, ending with ✅16 gainers and? 26 losers.

Nairobi Securities Exchange Plc [NSE] led the gainers with✅ 5.46% share price appreciation closing at KES 8.50 per share, followed by:

✅BOC Kenya Plc [BOC] (+4.27%)
✅HF Group Plc [HFCK](+3.63%)
✅ Uchumi Supermarket Plc [UCHM] (+3.33%).

On the losing side, Standard Group Plc [SGL] came out last with an end-of-day price depreciation of? 10.00% at KES 20.25 per share, followed by:

?Umeme Limited [UMME] (-7.41%)
?Express Kenya Plc [XPRS] (-6.59%)
? ILAM Fahari Income REIT [FAHR] (-6.14%).

Absa Bank Kenya Plc [ABSA] recorded the highest volume of 4.1 million traded shares, followed by:

➖Safaricom Plc [SCOM](1.65m)
➖Kenya Power & Lighting Plc.  [KPLC] (714,000)
➖Equity Group Holdings Plc [EQTY] (586,200)

➡️The benchmark NSE All Share Index [NASI] declined? 0.65 points to close at 136.93
➡️The NSE 20 Share Index gained✅ 0.99 points to close at 1850.63
➡️The NSE 25 Share Index declined? 20.39 points to close at 3166.04

The derivatives market of the NSE had no contracts concluded in today’s trading session.

The secondary bond market on the Nairobi Securities Exchange recorded a slight increase in activity during today’s session with bonds worth Kes 5.21 billion transacted in 135 deals in as compared to the Kes 4.18 billion achieved in 97 deals posted in Monday’s trading session