NSE Turnover Falls by 47% to KSh 204.4 Million

Kevin Namunwa | Aug 21, 2020

Activity at the Nairobi Securities Exchange(NSE) has remained volatile this week with turnover declining to Ksh 204.37 Million when trading at the bourse closed today. This is on a volume of 21.23 Million shares transacted in 782 deals.

On Wednesday, equity turnover hit Ksh 386.66 Million even as listed firms continued to report losses in the half-year earnings, primarily blamed on the disruptive effects of the global coronavirus pandemic.

The NSE All-Share index rose to 131.56 from yesterday’s 130.85, an increase of 0.54% while the NSE 20 Share Index increased to 1734.72 from the previous 1732.34, an increase of 0.14%.

The NSE 25 Share Index rose 26.09 points from 2991.56 to 3,017.65, a rise of 0.87%.

Sameer Africa was today’s top gainer with its share price rising 9.85% to Ksh 3.57. It was followed by Flame Tree Group Holdings closing at Ksh 1.32 per share, an increase of 5.60%.

KCB share price increased by 5.35% to Ksh 33.50 with Britam Holdings, which released its financial results today, experiencing an increase in its share price by 5,34% to Ksh 7.10.

The share prices of Housing Finance also rose to close at Ksh 3.93.

The biggest loser was Nairobi Business ventures (9.09% fall) followed by Bamburi Cement, Kenya Reinsurance Corporation, Home Africa, and TPS(Serena) whose share price declined 3% to Ksh 14.55.

Kenya Reinsurance Corporation was the biggest mover during today’s trading with 10.54 Million shares followed by KCB (2.17 Million), Safaricom (1.87 Million), KPLC (1.64 Million) and NSE (1.61 Million).

It was all quiet in the derivatives market with no contracts concluded during today’s trading. The secondary bond market had bonds worth KSh524.48 Million traded in 85 deals.

This compares to Ksh 451.73 Million in 78 deals during yesterday’s trading.

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