Market Report: 23 July, 2020

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

A total of 17,043,400 shares in 1,062 deals, corresponding to a market value of KES 446,890,282.00, were traded.

Compared with the previous NSE trading day (Wednesday, July 22), today’s data shows 56% decline in volume, 58% decline in turnover, and 5% decline in deals.

The current NSE market capitalization is KES 1.99 trillion.

In the aggregate, 45 NSE listed equities participated in trading, ending with 16 ✅gainers and 24 ?losers.

Bank of Kigali Group Plc [BKG] led the gainers with ✅7.78% share price appreciation closing at KES 18.00 per share, followed by:

✅Nairobi Business Ventures [NBV] (+3.45%)
✅Eveready East Africa Plc [EVRD] (+2.97%)
✅Uchumi Supermarket Plc [UCHM] (+2.86%).

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On the losing side, Longhorn Publishers Plc [LKL] came out last with an end-of-day price depreciation of ?6.33% closing at KES 4.59 per share, followed by:

?Standard Group Plc [SGL] (-4.17%)
?I&M Holdings Plc [IMH] (-3.9%)
?Sameer Africa Plc [SMER] (-3.9%).

Safaricom Plc [SCOM] recorded the highest volume of 7.1 million traded shares, followed by:

➖Absa Bank Kenya Plc [ABSA] (2.64m)
➖KCB Group Plc [KCB] (2.48m)
➖Equity Group Holdings Plc [EQTY] (2.08m).

➡️The benchmark NSE All Share Index [NASI] gained ✅1.41 points to close at 132.44

➡️The NSE 20 Share Index declined ?5.61 points to close at 1880.84

➡️The NSE 25 Share Index gained ✅8.04 points to close at 3072.52

There were no contracts concluded in trading session on the derivatives market. This was from the  10 contracts valued at Kes 326,250 concluded in the previous trading session.

The Secondary bond market on the Nairobi Securities Exchange recorded a decline in activity with bonds worth Kes 1.44 Billion transacted against the Kes 1.86 billion worth of bonds traded during Wednesday’s trading session. The number of deals however rose to 75 from yesterday’s 50 deals.