Market Report: June 08, 2020

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

A total of 25,481,000 shares in 1,042 deals, corresponding to a market value of KES 663,583,397.00, were traded.

Compared with the previous NSE trading day (Friday, June 5), today’s data shows 29% decline in volume, 6% decline in turnover, and 14% decline in deals.

The current NSE market capitalization is KES 2.14 trillion.

In the aggregate, 46 NSE listed equities participated in trading, ending with 23 ✅gainers and 19 ?losers.

Kapchorua Tea Company Plc [KAPC] led the gainers with ✅9.72% share price appreciation closing at KES 79.00 per share, followed by:

✅TPS Eastern Africa Plc [TPSE] (+9.58%)
✅Unga Group Plc [UNGA] (+9.49%)
✅Kenya Airways Plc [KQ] (+9.44%).

On the losing side, Sanlam Kenya Plc [SLAM] came out last with an end-of-day price depreciation of ?6.25% closing at KES 15.00 per share, followed by:

?Bank of Kigali Group Plc [BKG] (-5.26%)
?Home Afrika Plc [HAFR] (-4.26%)
?Uchumi Supermarkets Plc [UCHM] (-3.13%).

Safaricom Plc [SCOM] recorded the highest volume of 14.8 million traded shares, followed by:

➖KCB Group Plc [KCB] (2.31m)
➖Britam Holdings Plc [BRIT] (1.87m)
➖Bank of Kigali Group Plc [BKG] (1.85m).

➡️The benchmark NSE All Share Index [NASI] gained ✅1.56 points to close at 140.74

➡️The NSE 20 Share Index gained ✅ 28.83 points to close at 1968.42

➡️The NSE 25 Share Index gained ✅41.79 points to close at 3242.50

The derivatives market closed Monday with 13 contracts valued at Kes 365,300. This is against the 4 contracts valued at Kes 67,600 posted during Friday’s session.

The secondary bond market on the Nairobi Securities Exchange recorded a modest growth in activity with bonds worth Kes 2.46 Billion achieved in 121 deals on the market as compared to the Kes 2.27 Billion achieved in 73 deals recorded during the previous trading session

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