Market Report 09 March, 2020
At the end of the first weekday of trading on the Nairobi Securities Exchange (NSE) this week.
A total of 37,765,600 shares in 1,177 deals, corresponding to a market value of KES 1,200,300,341.00, were traded.
Compared with the previous NSE trading day (Friday, March 6), today’s data shows 94% improvement in volume, 83% improvement in turnover, and 61% improvement in deals.
The current NSE market capitalization is KES 2.25 trillion.
In the aggregate, 45 NSE listed equities participated in trading, ending with 10 gainers and 28 losers.
Flame Tree Group Holdings [FTGH] led the gainers with ✅8.33% share price appreciation closing at KES 1.43 per share, followed by :
✅Standard Group Plc [SGL] (+7.67%)
✅Olympia Capital Holdings [OCH] (+6.38%)
✅Stanbic Holdings Plc [SBIC] (+6.14%).
On the losing side, TPS Eastern Africa Plc [TPSE] came out last with an end-of-day price depreciation of ?9.35% closing at KES 14.05 per share, followed by:
?Home Afrika Plc [HAFR] (-9.09%)
?Express Kenya Plc [XPRS] (-8%)
?Safaricom Plc [SCOM] (-7.29%).
Safaricom Plc [SCOM] recorded the highest volume of 28.1 million traded shares, followed by:
➖KCB Group Plc [KCB] (4.6m)
➖Equity Group Holdings Plc [EQTY] (1.6m)
➖Co-operative Bank of Kenya [COOP] (708,900).
➡️The benchmark NSE All Share Index [NASI] dropped ?8.19 points to close at 147.98
➡️The NSE 20 Share Index dropped ?83.34 points to close at 2335.95
➡️The NSE 25 Share Index dropped ?185.38 points to close at 3689.84
The Derivatives Market had two Safaricom Contracts expiring in 19March traded, marking a turnover value of Kes 5,800 in today’s trading session.
The secondary Bond market at the NSE recorded a growth in activity in today’s trading session with bonds worth Kes 4.59 Billion traded in 137 deals on the Fixed income segment as compared to Friday’s 69 deals valued at Kes 3.23 Billion.
Reporting by The Trading Room.