An analyst at the Nairobi Securities Exchange (NSE). Merican Limited has been admitted to the Ibuka Program.

Market turnover at the Nairobi Securities Exchange (NSE) opened the week beginning September 23 at Ksh474 million lower, posting Ksh172 million at closing bell. This represented a dip, with the Nairobi bourse having hit a high of Ksh1 billion last midweek.

The bourse, during the previous session, had registered Ksh646 million at volumes of 20.8 million shares. On Monday, the bourse’s tumble saw only 6.9 million shares transacted.

Overall tumbles however did not affect investor wealth at the NSE, as market capitalisation climbed marginally to Ksh2.187 trillion.

Low volumes were also experienced in the major transacting sectors, the telecommunication, banking and manufacturing.

The Banking Sector for example had shares worth Ksh65.6 million transacted which accounted for 38.04% of the day’s traded value. Safaricom, the sole listed firm in the Telecommunication Sector, had 1.1M shares valued at Ksh32.8 million. The giant telco’s transaction, at between Kes.27.40 and Kes.27.60, represented 19.03% of the day’s traded value.

In the Manufacturing and Allied sector, shares worth Ksh66.6 million were traded and accounted for 38.56% of the day’s traded value at the NSE.

NSE Derivatives, Bonds and Market Indicators

The NSE Derivatives Market opened the week with one Safaricom contract worth Ksh27,000, expiring
on December 19. The single stock futures contract of Safaricom was concluded at a price of Ksh27.25 in Monday’s trading session.

At the Fixed Income Securities Market Segment (FISMS), the Bond market dipped to below the billion shilling mark and had bonds worth Ksh892 million transacted.

Meanwhile, the NSE market indicators endured mixed performance as follows;

  • All Share Index (NASI) was up 0.32 points to stand at 145.30.
  • NSE 20 share Index was down 9.72 points to stand at 2432.79.
  • NSE 25 Share index dropped 2.04 points to settle at 3472.43

Co-operative Bank actively moved 2.4 million shares valued at Ksh29.7 million at
between Ksh11.80 and Ksh12.50.

Equity Group Holdings, on the other hand, was up 30cents to Ksh38.20 and moved 639,000 shares worth Ksh24 million. Stanbic Holdings remained unchanged at Ksh96 and moved 38,000 shares worth Ksh3.6 million.

The Commercial & Services sector had shares worth Ksh2.4 million traded and accounted for 1.43% of the day’s traded value at the NSE. In this sector, Kenya Airways closed the day 7.93% lower to Ksh2.32 moving 860,000 shares valued at Ksh1.9 million.

From the Manufacturing and Allied sector, B.A.T Kenya moved 119,000 shares valued at Ksh58 million at a fairly stable price of Ksh485. E.A Breweries was down 25cents to Ksh198.75 and moved 40,000 shares valued at Ksh8 million.

NSE Winners and Losers

On the day, Longhorn Publishers closed the day as the highest gainer, inching upwards by 6.65% to Ksh7.06. Other top movers on the day included Transcentury Limited, HF Group, Carbacid Investments and East Africa Cables.

At the other end of the spectrum, Kenya Airways flew lowest, ending the day 7.94% in the red as compared to the previous trading session. Eveready EA, Uchumi, Jubilee and Unga Group also finished the day among the losers at the NSE.


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