Market ReportMarket Report; 02 September 2021

The trading bell on the Nairobi Securities Exchange trading floor.

At the end of today’s trading session on the Nairobi Securities Exchange 

A total of 6,864,700 shares in 1,022 deals, corresponding to a market value of KES 149,824,581.00, were traded.

Compared with the previous NSE trading day (Wednesday, September 1), today’s data shows 60% decline in volume, 70% decline in turnover, and 20% decline in deals.

The current market capitalization of the Nairobi Securities Exchange is KES 2.75 trillion.

In the aggregate, 47 NSE equities participated in trading, ending with 19✅ gainers and 21🔻 losers.

Nairobi Business Ventures [NBV] led the gainers with 9.76% share price appreciation closing at✅ KES 6.30 per share, followed by:

✅WPP ScanGroup Plc [SCAN] (+6.65%)
✅TPS Eastern Africa Plc [TPSE] (+6.41%)
✅ Eveready E. A Plc [EVRD] (+5.1%).

On the losing side, Sameer Africa Plc [SMER] came out last with an end-of-day price depreciation of🔻 9.79% at KES 3.50 per share, followed by:

🔻Express Kenya Plc [XPRS] (-7.69%)
🔻KenGen Plc [KEGN] (-4.76%)
🔻Absa Bank Kenya Plc [ABSA] (-3.67%).

WPP ScanGroup Plc [SCAN] recorded the highest volume of 2.67 million traded shares, followed by:

➖Safaricom Plc [SCOM] (1.74m)
➖KCB Group Plc [KCB] (418,700)
➖Bamburi Cement Plc [BAMB] (356,500)

➡️The benchmark NSE All-Share Index [NASI] declined🔻1.06 points to close at 180.97
➡️The NSE 20 Share Index declined🔻 1.74 points to close at 2024.40
➡️The NSE 25 Share Index declined🔻34.11 points to close at 3969.97

Bonds & Derivatives on NSE

There derivatives market of the Nairobi Securities Exchange posted a rise in activity with 23 single stock features valued at Kes 338,630 traded during today’s trading session compared to the 2 single stock features valued at Kes 91,300 traded during the previous trading session. 

Trading on the secondary bond market on the Nairobi Securities Exchange posted a rise in today’s trading session, with bonds valued at Kes 1.24 billion transacted in 81 deals compared to the Kes 0.73 billion worth of bonds achieved in  56 deals traded at the close of the previous trading session.

Market Commentary

WPP Scangroup led the gainers during today’s trading session at the bourse after releasing their financial results for the financial period ended 31st December 2020. The company’s shares were exchanging hands at between Kes 4.06 and Kes 4.33

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