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Nairobi Securities Exchange.

Six contracts in Safaricom boosted futures trading at the Nairobi Securities Exchange (NSE) which rose to Ksh169,260 on July 29.

With no trading on the NSE-25 Share Index as well as the four other single stock futures contracts, the derivatives market jumped past last Friday’s posting of Ksh75,900.

The Safaricom contracts traded on the NSE NEXT Derivatives Market are due to expire on September 19.

Concluding at Ksh28.21, the giant telco’s stock futures traded higher than the Ksh27.55 on the spot market.

At the equity market, turnover opened the week at Ksh417 million, rising from the Ksh346 million posted on Friday.

The bourse’s volume on the day dropped however, at a total of 6.5 million shares traded against 13 million shares.

Performance at the bourse saw investor wealth remain relatively stable at ksh2.69 trillion.

Market turnover was dominated by the Manufacturing Sector which contributed 64.47% of the day’s traded value, amounting to Ksh304 million.

East African Breweries Limited (EABL) and BAT Kenya led the way with the beverage company transacting Ksh180 million while the cigarette manufacturer exchanged Ksh122 million.

Banks had shares worth Ksh136 million, accounting for 28.94% of the day’s traded value.

Despite its contracts being the only ones to feature on the derivatives market, Safaricom, a regular top mover at the NSE, only managed to contribute Ksh24.7 million to the day’s value, a 5.25%.

The market indicators meanwhile registered mixed results as follows;

  • All Share Index NASI picked up 0.10 points to stand at 149.92.
  • NSE 20 share Index was 9.11 points higher to stand at 2698.64.
  • NSE 25 Share index gained 5.41 points to settle at 3618.98.

At the bonds market, bonds worth Ksh3.6 billion were transacted.

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