This archive report was first published on 23 June 2020.
On Monday, June 22, 2020, the Nairobi Securities Exchange (NSE) witnessed a significant decline in trading activity, with a 77% drop in volume, 78% decline in turnover, and 10% decline in deals compared to the previous trading session.
Despite the decline, Express Kenya emerged as the top gainer, with its share price appreciating by 7.14% to close at KSh 6.00 per share. The company was followed by East African Cables, STANLIB Fahari Income, and TPS Eastern Africa.
On the other hand, Bamburi Cement suffered the largest loss, with its share price depreciating by 9.36% to close at KSh 31.00 per share. Other notable losers included Longhorn Publishers, Liberty Kenya, and Trans Century Plc, which saw their prices fall by 4.38%.
Kenya Power & Lighting Company recorded the highest volume of traded shares, with 2.9 million shares changing hands. CIC Insurance, Kengen, and Safaricom followed closely, with 2.16 million, 1.16 million, and 898,900 shares traded, respectively.
The NSE All-Share Index dropped 2.04 points to close at 142.54, while the NSE 20 Share Index and NSE 25 Share Index dropped 11.91 points and 33.93 points, respectively, to close at 1957.54 and 3298.34.
The Derivatives market of the NSE remained inactive, with no contracts concluded in the previous trading session. The secondary bond market, however, recorded a moderate rise in activity, with bonds worth KSh 2.77 Billion traded in 101 deals, compared to KSh 2.27 Billion traded in 100 deals in the previous session.
