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Market Report; 28 September, 2020

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

A total of 14,828,600 shares in 891 deals, corresponding to a market value of KES 307,053,689.00, were traded.

Compared with the previous NSE trading day (Friday, September 25), today’s data shows 26% decline in volume, 39% decline in turnover, but 3% improvement in deals.

The current NSE market capitalization is KES 2.1 trillion.

In the aggregate, 42 NSE listed equities participated in trading, ending with 17 ✅gainers and 18 losers.

Nairobi Business Ventures [NBV] led the gainers with ✅10.00% share price appreciation closing at KES 0.66 per share, followed by:

✅Olympia Capital Holdings [OCH] (+6.64%)
✅ILAM Fahari Income REIT [FAHR] (+3.97%)
✅Equity Group Holdings Plc [EQTY] (+3.46%).

On the losing side, Flame Tree Group Holdings Plc [FAHR] came out last with an end-of-day price depreciation of ?7.86% at KES 1.29 per share, followed by:

?Unga Group Plc [UNGA] (-6.25%)
?Sameer Africa Plc [SMER] (-4.7%)
?Umeme Limited [UMME] (-4.63%).

Safaricom Plc [SCOM] recorded the highest volume of 5.3 million traded shares, followed by:

➖Co-operative Bank of Kenya [COOP] (2.14m)
➖Absa Bank Kenya Plc [ABSA] (1.78m)
➖Britam Holdings Plc [BRIT] (1.52m).

➡️The benchmark NSE All Share Index [NASI] declined? 0.28 points to close at 140.09
➡️The NSE 20 Share Index gained ✅ 2.58 points to close at 1850.21
➡️The NSE 25 Share Index gained ✅11.80 points to close at 3254.18

The derivatives market of the NSE recorded quite a decrease in volume but an increase in turnover today with 1 contract valued at kes 320,000 as compared to 9 contracts valued at kes 290,250  concluded in the previous trading session .

Trading on the secondary bond market on the Nairobi Securities Exchange was quite high today, with bonds worth Kes 4.60 billion transacted in 68 deals in as compared to the Kes 2.49 billion achieved in 78 deals posted in the Friday’s  trading session