NSE Turnover Plummets To 260.89 Million

Kevin Namunwa | Aug 24, 2020

At the close of trading on Monday 24^th August 2020, turnover at the Nairobi Securities Exchange (NSE) fell to Ksh 260.9 million on a volume of 10.97 million in 829 deals.

The turnover has plummeted compared to Friday’s turnover of Ksh 707.6 million.

Safaricom was the biggest mover, trading 4.17 Million shares followed by Equity (2.37 Million), Co-operative Bank (808,500), CIC (761,700), and KPLC (561,000).

The NSE All-Share Index rose by 0.58% to 132.52 from 131.75, an increase of 0.77 points.

The NSE 20- Share Index increased to 1748.40 from the previous 1723.96, an increase of 24.44 points or 1.42%.

The top gainers were led by Kenya Re, whose share price rose 8.84% to Ksh 2.34 followed by NCBA at 8.42% to Ksh 21.90, Bank of Kigali at 6.67% to Ksh 16.00, Uchumi up 6.06% to 35 cents per share and I&M Holdings which had its share price increase by 4.65% to Ksh 45.00.

Losers included CIC whose prices declined 4.29% to Ksh 2.01, while the share price of Umeme Limited declined to 3.95% to Ksh 6.80, Jubilee with a decline of 3.72% to Ksh 219.75, Bamburi shares fell by 3.70% to Ksh 22.10, and Flame Tree Group Holdings, whose share price declined by 3.68% to Ksh 1.31.

In the derivatives market, the Equity Bank single stock futures contract expiring on 17th September was concluded at a price of Ksh 33.04. This implied a turnover of Ksh 33,040 on the derivatives segment.

The secondary bond market recorded an upsurge during Monday’s session with bonds worth KSh1.18 Billion, transacted in 76 deals. This is compared to Ksh 845.87 Million achieved in 108 deals on Friday 21st August 2020.

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