Market Report 03 March, 2020

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

A total of 33,513,300 shares in 936 deals, corresponding to a market value of KES 1,137,312,109.00, were traded.

Compared with the previous NSE trading day (Monday, March 2), today’s data shows 16% improvement in volume, 30% improvement in turnover, and 4% improvement in deals.

The current NSE market capitalization is KES 2.32 trillion.

In the aggregate, 41 NSE listed equities participated in trading, ending with 28 gainers and 12 losers.

Crown Paints Plc [CRWN] led the gainers with ✅6.67% share price appreciation closing at KES 64.00 per share, followed by:

✅I&M Holdings Plc [IMH] (+6.14%)
✅Stanbic Holdings Plc [SBIC] (+5.80%)
✅Carbacid Investments Plc [CARB] (+5.63%).

On the losing side, Nairobi Business Ventures [NBV] came out last with an end-of-day price depreciation of ?5.71% closing at KES 0.66 per share, followed by:

?Umeme Limited [UMME] (-4.31%)
?Standard Chartered Bank Kenya Plc [SCBK] (-3.75%)
?Flame Tree Group Holdings [FTGH] (-2.89%).

Safaricom Plc [SCOM] recorded the highest volume of 24 million traded shares, followed by:

➖Stanbic Holdings Plc [SBIC] (2m)
➖KCB Group Plc [KCB] (1.7m)
➖Co-operative Bank of Kenya [COOP] (1.62m).

➡️The benchmark NSE All Share Index [NASI] gained ✅2.91 points to close at 153.10

➡️The NSE 20 Share Index gained ✅14.99 points to close at 2383.12

➡️The NSE 25 Share Index gained ✅75.32 points to close at 3782.64

The Derivatives Market recorded a silent day with NIL trades, compared to yesterday’s 5 contracts valued at Kes 197,500 traded, implying increased confidence on the spot market by investors.

The secondary Bond market at the NSE recorded a moderate decline in activity with bonds worth Kes 3.23 Billion traded in 119 deals on the Fixed income segment as compared to yesterday’s 70 deals valued at Kes 3.68 Billion.

Source: NSE

Data Compiled by Trading Room

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