Market ReportMarket Report; 28 July, 2021

A trader takes count on the Nairobi Securities Exchange.

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

A total of 9,199,000 shares in 1,014 deals, corresponding to a market value of KES 215,071,035.00, were traded.

Compared with the previous NSE trading day (Tuesday, July 27), today’s data shows 25% decline in volume, 50% decline in turnover, and 17% decline in deals.

The current market capitalization of the Nairobi Securities Exchange is KES 2.69 trillion.

In the aggregate, 49 NSE equities participated in trading, ending with 18✅ gainers and 20? losers.

East African Cables Plc [CABL] led the gainers with✅ 4.51% share price appreciation closing at KES 1.39 per share, followed by:

✅ Flame Tree Group Holdings Plc [FTGH] (+3.76%)
✅ Carbacid Plc [CARB](+3.73%)
✅ E.A Portland Plc [PORT] (+3.64%).

On the losing side, Nairobi Business Ventures [NBV] came out last with an end-of-day price depreciation of? 9.57% at KES 7.56 per share, followed by:

?Centum Investment Plc [CTUM] (-5.57%)
?ILAM Fahari IREIT [FAHR] (-5.48%)
?Home Afrika Plc [HAFR] (-5%).

Safaricom Plc [SCOM] recorded the highest volume of 3.18 million traded shares, followed by:

➖Kenya Re-Insurance Corporation [KNRE] (1.87m)
➖Britam Holdings Plc [BRIT] (1.1m)
➖ Absa Bank Kenya Plc [ABSA] (642,000)

➡️The benchmarks NSE All-Share Index [NASI] declined? 0.22 points to close at 176.92
➡️The NSE 20 Share Index declined? 5.48 points to close at 1978.03
➡️The NSE 25 Share Index declined? 4.58 points to close at 3880.85

Bonds & Derivatives on NSE

The derivatives market of the Nairobi Securities Exchange posted a rise in activity during Today’s trading session, with 18 single stock futures contracts valued at Kes 442,870 concluded, compared to the 20 contracts valued at Kes 371,150 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 3.48 billion transacted in 52 deals as compared to the Kes 2.73 billion worth of bonds achieved in  55 deals in the preceding session

Market Outlook

ILAM Fahari IREIT was among today’s losers at the bourse after they released their half-year results for the period ended 30th June 2021. The real estate investment trust posted a net profit of Kes 42.2 million, a 51% decline from the Kes 86 million reported in the same period last year.

The company attributed the decline to the steep drop to a loss of revenue from the anchor tenant at Greenspan Mall after the exit of the troubled Tuskys Supermarket. ILAM’s rental and related income dipped to Kes136.7 million at the end of June this year from Kes174.7 million at the end of June last year.


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