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Market Report: 20 March, 2020.

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

A total of 24,933,300 shares in 1,190 deals, corresponding to a market value of KES 778,765,321.00, were traded.

Compared with the previous NSE trading day (Thursday, March 19), today’s data shows 21% improvement in volume, 3% decline in turnover, and 2% decline in deals.

The current NSE market capitalization is KES 2.02 trillion.

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

Nairobi Business Ventures [NBV] led the gainers with ✅8.33% share price appreciation closing at KES 0.65 per share, followed by:

✅Sanlam Kenya Plc [SLAM] (+8.3%)
✅Limuru Tea Company [LIMT] (+7.95%)
✅Stanbic Holdings Plc [SBIC] (+6.45%).

On the losing side, Williamson Tea Kenya [WTK] came out last with an end-of-day price depreciation of 🔻8.27% closing at KES 94.25 per share, followed by:

🔻Bamburi Cement Plc [BAMB] (-8.02%)
🔻Flame Tree Group Holdings [FTGH] (-4.65%)
🔻Sameer Africa Plc [SMER] (-2.75%).

Safaricom Plc [SCOM] recorded the highest volume of 12 million traded shares, followed by:

➖Equity Group Holdings Plc [EQTY] (7.63m)
➖KCB Group Plc [KCB] (1.19m)
➖Kenya Re-Insurance Corporation [KNRE] (1.08m).

➡️The benchmark NSE All Share Index [NASI] gained ✅0.07 points to close at 132.93

➡️The NSE 20 Share Index dropped 🔻7.04 points to close at 2025.31

➡️The NSE 25 Share Index gained ✅6.36 points to close at 3224.43

There derivatives market of the Nairobi Securities Exchange [NEXT] had no activity, a day after March contracts on the exchange rolled up, pushing the turnover to tops of 1.2 Million. The market closed the day with 14 open contracts, similar to yesterday.

The secondary Bond market at the Nairobi Securities Exchange soared in turnover with a turnover of 5.52 Billion in 98 deals, this is a 46.4% growth as compared to yesterday’s turnover of Kes 3.77 Billion which was achieved in 91 deals.

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