An analyst at the Nairobi Securities Exchange (NSE). Listed investments firm TransCentury has announced plans to delist from the NSE.

Investor wealth at the Nairobi Securities Exchange (NSE) inched upwards marginally, from Ksh2.31 trillion to settle at Ksh2.32 trillion at closing bell on August 19.

The increase in market capitalisation — the measure of investor wealth at the bourse — was against the decline in equity turnover registered as the NSE open the week’s trading.

Bourse turnover posted a value of Ksh539 million with a total of 21 million shares changing hands. In the previous session on Friday, the NSE had seen 28 million shares transacted at a value of Ksh847 million.

The bond market also increased, from an approximate Ksh800 million posted on Friday to open the week on Ksh900 million.

Regular top trading sectors duo — banking and telecommunications — continued to rake in the big numbers on the opening trading day at the NSE. Combined, the two sectors contributed 89.78% of the day’s traded value.

Safaricom was the day’s biggest contributor, at 13.6 million shares valued at Ksh401 million. This was equivalent to 74.41% for the mobile phone operator that serves as the only listed telco at the NSE.

The giant telco also contributed to the only futures contract traded at the NSE derivatives market. Safaricom’s single stock future traded at a price of Ksh28 for a futures contract set to expire on September 19 worth Ksh28,000.

Banks meanwhile on the spot market had shares worth Ksh82.9 million transacted which accounted for 15.37% of the day’s traded value. Headlining these transactions were KCB Group, which actively moved 1.4 million shares valued at Ksh57 million, Equity Group Holdings which shifted 386,000 shares valued at Ksh15 million, and Barclays Bank with activity worth Ksh7.9 million in 736,000 shares.

Market indicators meanwhile performed as such

  • All Share Index NASI picked up 0.52 points to stand at 151.92.
  • NSE 20 Share Index was down 21.65 points to stand at 2518.30.
  • NSE 25 Share index lost 4.44 points to settle at 3593.33.

Other NSE Sectors

The Commercial and Services sector had shares worth Ksh5.4 million traded and accounted for 1.02% of the day’s traded value. In this sector, Scangroup was up 1.21% to Ksh12.50 and moved 412,000 shares worth Ksh5 million.

The Insurance sector had shares worth Ksh10.2 million traded and accounted for 1.89% of the day’s traded value. Kenya-Re closed the day 7.87% lower to Ksh2.81 and moved 3.46 million shares valued at Ksh9.7 million.

The Manufacturing and Allied sector had shares worth Ksh35.4 million traded and accounted for 6.57% of the day’s traded value. E.A Breweries moved 176,000 shares valued at Ksh35 million at between Ksh200 and Ksh200.75.


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