Market Report: 16 March, 2020

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

A total of 53,897,700 shares in 1,167 deals, corresponding to a market value of KES 1,472,483,916.00, were traded.

Compared with the previous NSE trading day (Friday, March 13), today’s data shows 27% improvement in volume, 25% improvement in turnover, but 36% decline in deals.

The current NSE market capitalization is KES 2.0 trillion.

In the aggregate, 41 NSE listed equities participated in trading, ending with 9 gainers and 26 losers.

Sanlam Kenya Plc [SLAM] led the gainers with ✅9.68% share price appreciation closing at KES 15.30 per share, followed by:

✅Uchumi Supermarkets Plc [UCHM] (+3.7%)
✅Eveready Plc [EVRD] (+3.33%)
✅Carbacid Investments Plc [CARB] (+0.76%).

On the losing side, Trans Century Plc [TCL] came out last with an end-of-day price depreciation of ?10.00% closing at KES 1.80 per share, followed by:

?Olympia Capital Holdings [OCH] (-9.09%)
?STANLIB Fahari Income REIT [FAHR] (-8.41%)
?Kenya Re-Insurance Corporation [KNRE] (-7.82%).

Safaricom Plc [SCOM] recorded the highest volume of 44.2 million traded shares, followed by:

➖KCB Group Plc [KCB] (6.45m)
➖Equity Group Holdings Plc [EQTY] (821,600)
➖East African Breweries Plc [EABL] (419,700).

➡️The benchmark NSE All Share Index [NASI] dropped ?1.82 points to close at 131.84

➡️The NSE 20 Share Index dropped ?66.82 points to close at 2057.96

➡️The NSE 25 Share Index dropped ?84.36 points to close at 3253.25

The derivatives market of the NSE opened the week on a high note with 13 contracts traded valued at Kes. 880,000, implying increased activity with investors taking positions leveraging on the stock market. This is an increase from the 8 contracts traded on Friday valued at Kes 303,000.

The secondary Bond market at the Nairobi bourse recorded a decline in trading statistics with a turnover of 1.53 Billion in 94 deals as compared to Friday’s trades valued at Kes 1.68 Billion which was achieved in 146 deals.


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