Market Report; 31 August, 2020

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

A total of 42,544,700 shares in 1,181 deals, corresponding to a market value of KES 1,201,082,379.00, were traded.

Compared with the previous NSE trading day (Friday, August 28), today’s data shows 65% improvement in volume, 79% improvement in turnover, but 48% decline in deals.

The current NSE market capitalization is KES 2.1 trillion.

In the aggregate, 44 NSE listed equities participated in trading, ending with 23 ✅gainers and 13 ?losers.

ILAM Fahari Income REIT [FAHR] led the gainers with 7.00% share price appreciation closing at KES 5.50 per share, followed by:

✅I&M Holdings Plc [IMH] (+6.11%)
✅Jubilee Holdings Plc [JUB] (+4.66%)
✅Absa Bank Kenya Plc [ABSA] (+4.61%).

On the losing side, Nairobi Business Ventures [NBV] came out last with an end-of-day price depreciation of ?6.78% closing at KES 0.55 per share, followed by:

?WPP ScanGroup Plc [SCAN] (-5.83%)
?Longhorn Publishers Plc [LKL] (-4.65%)
?Stanbic Holdings Plc [SBIC] (-4.17%).

Safaricom Plc [SCOM] recorded the highest volume of 25.9 million traded shares, followed by:

➖Equity Group Holdings Plc [EQTY] (5.89m)
➖Bank of Kigali Group Plc [BKG] (3.28m)
➖KCB Group Plc [KCB] (2.05m).

➡️The benchmark NSE All Share Index [NASI] gained ✅0.94 points to close at 139.68
➡️The NSE 20 Share Index gained ✅1.09 points to close at 1794.85
➡️The NSE 25 Share Index gained ✅36.82 points to close at 3223.79

The derivatives market of the NSE had no contract concluded  in today’s trading session .

The secondary bond market on the Nairobi Securities Exchange recorded quite an increase in activity during today’s session with bonds worth Kes 8.47 billion transacted in 151 deals in as compared to the Kes 4.95 billion achieved in 142 deals during the previous  trading session.

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