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Safaricom Leads Trading at Nairobi Securities Exchange

N

Nyakundi Report

Newsroom 2 min read

This archive report was first published on 13 June 2020.

On June 12th, the Nairobi Securities Exchange (NSE) closed its trading session with Safaricom recording the highest volume of 21.3 million traded shares.

Kenya Re-Insurance followed closely with 8.25 million shares traded, while Britam and KCB Group trailed behind with 5.09 million and 3.2 million shares traded respectively.

A total of 47,998,100 shares worth KSh1.1 billion were traded on the day.

Britam led the gainers with a 9.95% share price appreciation, closing at KSh9.72 per share.

Other gainers included East African Cables (9.30%), Home Afrika (4.55%), and Kenya Power & Lighting Company (4.09%).

On the losing side, Car and General came out last with an end-of-day price depreciation of 9.03%, closing at KSh20.65 per share.

The benchmark NSE All Share Index [NASI] gained 0.10 points to close at 142.88, while the NSE 20 Share Index gained 16.74 points to close at 2011.77.

However, the NSE 25 Share Index dropped 1.12 points to close at 3285.90.

The Derivatives market of the NSE closed the week with no contract concluded on the market, a decline from the five contracts valued at KSh149,250 concluded in the previous trading session.

Meanwhile, the secondary bond market on the Nairobi Securities Exchange recorded growth in activity, with bonds worth KSh1.17 billion achieved in 94 deals on the market.

Activity at the bourse is expected to improve following the launch of a Mobile App designed to provide market participants with convenient, faster, and real-time access to the Exchange’s activities.

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