Market Report: 22 May 2020

At the end of the last weekday of trading on the Nairobi Securities Exchange (NSE) [22-May-2020],

A total of 22,477,700 shares in 949 deals, corresponding to a market value of KES 635,143,013.00, were traded.

Compared with the previous NSE trading day (Thursday, May 21), today’s data shows 24% improvement in volume, 8% improvement in turnover, but 8% decline in deals.

The current NSE market capitalization is KES 2.13 trillion.

In the aggregate, 46 NSE listed equities participated in trading, ending with 23 ✅ gainers and 16 ? losers.

Kenya Airways Plc [KQ] led the gainers with a ✅9.76% share price appreciation closing at KES 3.15 per share, followed by;

✅STANLIB Fahari Income REIT [FAHR](+9.63%)
✅Nairobi Business Ventures [NBV] (+9.09%)
✅Flame Tree Group Holdings [FTGH] (+7.32%).

On the losing side, Kakuzi Plc [KUKZ] came out last with an end-of-day price depreciation of? 9.72% closing at KES 320.50 per share, followed by;

?Nairobi Securities Exchange Plc [NSE] (-5.65%)
?Limuru Tea Company Plc [LIMT] (-3.75%)
?Sanlam Kenya Plc [SLAM] (-2.73%).

KCB Group Plc [KCB] recorded the highest volume of 8.6 million traded shares, followed by:

➖Safaricom Plc [SCOM] (6.06m)
➖Equity Group Holdings Plc [EQTY] (2.62m)
➖Absa Bank Kenya Plc [ABSA] (1.43m).

➡️The benchmark NSE All Share Index [NASI] gained ✅ 1.73 points to close at 140.39

➡️The NSE 20 Share Index gained ✅ 10.87 points to close at 2014.88

➡️The NSE 25 Share Index gained ✅ 31.24 points to close at 3279.69

The derivatives market of the NSE had a decline in activity one Safaricom contract worth Kes 29,000 traded down from yesterday’s 14 contracts concluded worth Kes. 394,200.

Secondary trading on the bond market at the Nairobi Securities Exchange had an increase in activity with bonds worth Kes 2.55 Billion trading in 82 deals, as compared to yesterday’s turnover of Kes 1.94 Billion which was achieved in 81 deals.

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