Market ReportMarket Report; 07 September 2021, WPP Scangroup Leads the Gainers

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

A total of 14,312,200 shares in 1,406 deals, corresponding to a market value of KES 385,906,865.00, were traded.

Compared with the previous NSE trading day (Monday, September 6), today’s data shows 16% improvement in volume, 9% improvement in turnover, and 9% improvement in deals.

The current market capitalization of the Nairobi Securities Exchange is KES 2.7 trillion.

In the aggregate, 47 NSE equities participated in trading, ending with 21✅ gainers and 18🔻 losers.

WPP ScanGroup Plc [SCAN] led the gainers with✅ 9.88% share price appreciation closing at KES 5.56 per share, followed by:

✅ Nairobi Business Ventures [NBV] (+6.88%)
✅ TransCentury Plc [TCL] (+5.26%)
✅ Uchumi Supermarkets Plc [UCHM] (+4.17%).

On the losing side, Eveready E. A Plc [EVRD] came out last with an end-of-day price depreciation of🔻 4.95% at KES 0.96 per share, followed by:

🔻E. A Portland Plc [PORT] (-4.26%)
🔻 Sameer Africa Plc [SMER] (-4.13%)
🔻Liberty Holdings Plc [LBTY] (-3.38%).

Safaricom Plc [SCOM] recorded the highest volume of 5.44 million traded shares, followed by

➖Equity Group Holdings Plc [EQTY] (2.19m
➖ILAM Fahari IREIT [FAHR] (2.01m)
➖KenGen Plc [KEGN] (1.23m).

➡️The benchmark NSE All-Share Index [NASI] declined🔻1.19 points to close at 177.65
➡️The NSE 20 Share Index gained✅14.55 points to close at 2053.00
➡️The NSE 25 Share Index declined🔻12.45 points to close at 3893.42

Bonds & Derivatives on NSE

The derivatives market of the Nairobi Securities Exchange posted a rise in activity with 33 single stock features valued at Kes 1.17 million traded during today’s trading session compared to the 25 single stock features valued at Kes 344,800 traded during the previous trading session. 

Trading on the secondary bond market on the Nairobi Securities Exchange posted a decline in today’s trading session, with bonds valued at Kes 1.88 billion transacted in 47 deals compared to the Kes 1.98 billion worth of bonds achieved in  42 deals traded at the close of the previous trading session.

Market Outlook

WPP Scangroup shares rallied during today’s trading session at the bourse recording a 9.88% gain by close of market today. The company moved Kes 276000 worth of shares trading at between Kes 5.06 and Kes 5.56 during today’s trading session. The rally in the shares is a result of the release of their financial results for the period ended 30th December 2020. 

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