Futures Trading, Bonds Retreat as NSE Turnover Gains Sh59 Million

The Nairobi Securities Exchange (NSE) equity turnover opened Ksh50 million higher, with bonds and futures trading retreated in the week starting August 5.

Derivatives, on the back of five contracts transacted in single stock futures of Safaricom and Kenya Commercial Bank (KCB), ended the day with Ksh163,200 exchanging hands. Last Friday, futures trading had hit Ksh422,100.

The bonds market had bonds worth Ksh1.5 billion transacted, falling from Ksh1.9 billion in the previous session. The decline came after 40 deals in the bonds market as against 113 deals previously.

At the equity counter, the bourse opened the week with a total of 5.5 million shares valued at Ksh209 million.

Last Friday, the NSE had seen 7.7 million shares valued at Ksh150 million.

More than half of the day’s traded value was transacted by the banking sector.

At Ksh107 million, the sector’s activity accounted for 51.08% of the NSE’s turnover.

The telecommunications sector had shares worth Ksh44.6 million traded, wholly transacted by the sector’s sole firm Safaricom.

At the indices tab, all indicators registered declines as follows;

• All Share Index NASI shed 0.23 points to stand at 148.10.
• NSE 20 share Index was down10.95 points to stand at 2575.73.
• NSE 25 Share index lost 13.06 points to settle at 3568.75.

NSE Gainers and Decliners

Umeme Ltd finished the day as the highest gainer, jumping 8.29% to Ksh8.10.

Kenya Re-Insurance and Home Afrika were second and third at Ksh3.66 and Ksh0.55 respectively. The two firms experienced bumps of 7.33% and 5.77% respectively.

Uchumi Supermarkets jumped 5.71% to Ksh0.37, while Stanlib Fahari I-Reit ended Monday’s trading 5.15% higher at Ksh8.98.

On the decliners tab, East African Cables slumped 7% to Ksh2.26, recording the largest dip at closing bell.

Kenya Airways (KQ) flew 5.4% lower to end at Ksh2.98 with Carbacid Investments closing at Ksh8.70, declining 4.19% in the process.

Sameer Africa dropped 2.68% to Ksh4, with the top 5 decliners rounded up by Britam Holdings which at 2.55% in the red finished the day at Ksh7.64.