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Market Report; 08 July, 2021; Kenya Power Leads in Volumes

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

A total of 19,290,800 shares in 1,218 deals, corresponding to a market value of KES 517,757,036.00, were traded.

Compared with the previous NSE trading day (Wednesday, July 7), today’s data shows 24% improvement in volume, 14% improvement in turnover, and 1% improvement in deals.

The current market capitalization of the Nairobi Securities Exchange is KES 2.67 trillion.

In the aggregate, 45 NSE listed equities participated in trading, ending with 18 ✅gainers and 21🔻 losers.

Umeme Limited [UMME] led the gainers with✅ 6.2% share price appreciation closing at KES 5.82 per share, followed by:

✅Standard Group Plc [SGL] (+5.88%)
✅CIC Insurance Plc [CIC] (+5.48%)
✅Uchumi Supermarkets Plc [UCHM] (+4%).

On the losing side, Kapchorua Plc [KAPC] came out last with an end-of-day price depreciation of 🔻9.04% at KES 85.50 per share, followed by:

🔻Eaagads Plc [EGAD] (-8.86%)
🔻Eveready E. A Plc [EVRD] (-8.57%)
🔻Sanlam Kenya Plc [SLAM] (-7.31%).

Kenya Power & Lighting Company Plc [KPLC] recorded the highest volume of 4.1 million traded shares, followed by:

➖Nation Media Group Plc [NMG] (2.75m)
➖Safaricom Plc [SCOM] (2.19m)
➖Equity Group Holdings Plc [EQTY] (1.89m).

➡️The benchmarks NSE All-Share Index [NASI] gained✅ 0.84 points to close at 175.64
➡️The NSE 20 Share Index gained✅ 5.67 points to close at 1945.11
➡️The NSE 25 Share Index gained✅ 36.14 points to close at 3866.74

Bonds & Derivatives on NSE

The derivatives market of the Nairobi Securities Exchange posted a rise in activity during Today’s trading session, with 25 single stock futures contracts valued at Kes 1.06 million concluded, compared to the 27 contracts valued at Kes 980,100 concluded on the previous session.

Trading on the secondary bond market on the Nairobi Securities Exchange posted a rise in activity during today’s trading session with bonds worth Kes 5.80 billion transacted in 126 deals as compared to the Kes 3.35 billion worth of bonds achieved in 58 deals in the preceding session.

Market Outlook

Kenya Power leads in volumes after exchanging Kes 4 million shares valued at kes 5.7 million despite posting a loss of Kes 0.94 billion for the financial year ended 31st December 2020.