Market Report: 11 May 2020

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

A total of 16,123,100 shares in 1,030 deals, corresponding to a market value of KES 531,784,412.00, were traded.

Compared with the previous NSE trading day (Friday, May 8), today’s data shows 3% improvement in volume, 18% decline in turnover, and 13% decline in deals.

The current NSE market capitalization is KES 2.14 trillion.

In the aggregate, 42 NSE listed equities participated in trading, ending with 14 ✅gainers and 16 ?losers.

Kenya Airways Plc [KQ] led the gainers with ✅9.45% share price appreciation closing at KES 1.39 per share, followed by:

✅Nairobi Securities Exchange Plc [NSE] (+7.96%)
✅Sameer Africa Plc [SMER] (+4.27%)
✅NCBA Group Plc [NCBA] (+3.15%).

On the losing side, BOC Kenya Plc [BOC] came out last with an end-of-day price depreciation of ?9.86% at KES 64.00 per share, followed by:

?Eveready East Africa Plc [EVRD] (-7.41%)
?Flame Tree Group Holdings [FTGH] (-4.88%)
?Crown Paints Kenya Plc [CRWN] (-3.77%).

Safaricom Plc [SCOM] recorded the highest volume of 7.6 million traded shares, followed by:

➖Equity Group Holdings Plc [EQTY] (3.92m)
➖Absa Bank Kenya Plc [ABSA] (810,800)
➖Flame Tree Group Holdings [FTGH] (805,600).

➡️The benchmark NSE All Share Index [NASI] ?declined 0.22 points to close at 140.65

➡️The NSE 20 Share Index gained ✅19.24 points to close at 2053.95

➡️The NSE 25 Share Index declined ?3.58 points to close at 3349.38

The Derivatives market of the NSE had no trades contracts concluded in today’s session. This was against the two contracts concluded valued at Kes 38,960 the previous session.

The secondary Bond market at the Nairobi Securities Exchange recorded moderate growth in activity with bonds worth Kes 2.66 Billion trading in 98 deals, as compared to Friday turnover of Kes 2.73 Billion which was achieved in 108 deals.

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