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Market Report: 19 March, 2020

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

A total of 20,643,000 shares in 1,218 deals, corresponding to a market value of KES 804,749,525.00, were traded.

Compared with the previous NSE trading day (Wednesday, March 18), today’s data shows 41% decline in volume, 35% decline in turnover, but 15% improvement in deals.

The current NSE market capitalization is KES 2.02 trillion.

In the aggregate, 46 NSE listed equities participated in trading, ending with 12 gainers and 30 losers.

East African Cables Plc [CABL] led the gainers with ✅6.82% share price appreciation closing at KES 1.88 per share, followed by:

✅Nairobi Securities Exchange Plc [NSE] (+6.68%)
✅Flame Tree Group Holdings [FTGH] (+5.74%)
✅Home Afrika Plc [HAFR] (+5.56%).

On the losing side, Sanlam Kenya Plc [SLAM] came out last with an end-of-day price depreciation of 🔻9.48% closing at KES 13.85 per share, followed by:

🔻BOC Kenya Plc [BOC] (-8.73%)
🔻Uchumi Supermarkets Plc [UCHM] (-7.14%)
🔻East African Breweries Plc [EABL] (-6.82%).

Safaricom Plc [SCOM] recorded the highest volume of 13.7 million traded shares, followed by:

➖East African Breweries Plc [EABL] (1.88m)
➖KCB Group Plc [KCB] (1.85m)
➖Equity Group Holdings Plc [EQTY] (1.13m).

➡️The benchmark NSE All Share Index [NASI]dropped 🔻0.93 points to close at 132.86

➡️The NSE 20 Share Index dropped 🔻16.53 points to close at 2032.34

➡️The NSE 25 Share Index dropped 🔻47.20 points to close at 3218.07

There derivatives market of the Nairobi Securities Exchange [NEXT] had one Equity Bank Contract expiring 19th March traded, reflecting a turnover of Kes 4,200. However turnover rose to Kes 1,222,790 as 34 contracts open on the market were rolled up on expiry at close of trading today.

The secondary Bond market at the Nairobi Securities Exchange recorded a rise in trading activities with a turnover of 3.77 Billion in 91 deals as compared to yesterday’s trades valued at Kes 1.16 Billion which was achieved in 106 deals.

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