Market Report: 18 May 2020

At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE), [18-May-2020]

A total of 11,839,600 shares in 896 deals, corresponding to a market value of KES 337,829,442.00, were traded.

Compared with the previous NSE trading day (Friday, May 15), today’s data shows 68% decline in volume, 80% decline in turnover, and 39% decline in deals.

The current NSE market capitalization is KES 2.11 trillion.

In the aggregate, 41 NSE listed equities participated in trading, ending with 22 ✅ gainers and 12 ? losers.

Trans Century Plc [TCL] led the gainers with ✅ 9.03% share price appreciation closing at KES 1.69 per share, followed by:

✅Car and General Kenya Plc [CGEN) (+8.8%),
✅ Kenya Airways Plc [KQ](+8.46%)
✅ Sasini Plc [SASN] (+7.74%).

On the losing side, Nairobi Business Ventures [NBV] came out last with an end-of-day price depreciation of ?9.26% closing at KES 0.49 per share, followed by:

?NCBA Plc [NCBA] (-2.39%),
? Flame Tree Group Holdings [FTGH] (-2.35)
? HF Group Plc [HFCK] (-2.01%).

Equity Group Holdings Plc [EQTY] recorded the highest volume of 5.8 million traded shares, followed by

➖Safaricom Plc [SCOM] (2.05m),
➖Co-operative Bank of Kenya [COOP] (810,100)
➖Kenya Airways Plc [KQ] (638,800).

➡️The benchmark NSE All Share Index [NASI] rose ✅ 3.95 points to close at 139.28

➡️The NSE 20 Share Index rose ✅ 18.60 points to close at 1993.90

➡️The NSE 25 Share Index rose ✅ 72.27 points to close at 3252.26

The derivatives market of the Nairobi Securities Exchange had reduced activity with one contract traded; the Equity Bank single stock future traded worth Kes 35,000,  as compared to Friday’s 5 contracts valued at Kes 175,000.

There was a decline in activity on the secondary bond market at the Nairobi Securities Exchange with bonds worth Kes 1.95 Billion trading in 96 deals, as compared to Friday’s turnover of Kes 2.97 Billion which was achieved in 70 deals.

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