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NSE Market Turnover Declines to KSh 696 Million

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Nyakundi Report

Newsroom 2 min read

This archive report was first published on 25 June 2020.

On June 25, 2020, the Nairobi Securities Exchange (NSE) witnessed a decline in market turnover, which retreated to KSh 696 million at the end of trading.

This decline was accompanied by a decrease in the number of shares traded, which fell to 29 million compared to 64 million transacted the previous day.

The NSE 20 share Index lost 5.53 points to stand at 1937.96, while the All Share Index (NASI) shed 0.90 to settle at 137.56. The NSE 25 Share index was down 6.51 points to settle at 3235.27.

The Banking Sector had shares worth KSh 91 million transacted, accounting for 13.10% of the day's traded value. Equity Group moved 1.1 million shares valued at KSh 41 million, while KCB Group moved 803,000 shares worth KSh 29.5 million.

The Construction & Allied sector had shares worth 21.6 million traded, accounting for 3.11% of the day's traded value. Bamburi Cement touched a 12-month low of KSh 27.70 before easing up to close at KSh 29.30 with shares worth KSh 21 million transacted.

The Insurance sector had shares worth 11 million traded, accounting for 1.63% of the day's traded value. Kenya-Re share price remained unchanged at KSh 2.10 and moved 4.4 million shares valued at KSh 9.2 million.

The Manufacturing & Allied sector had shares worth 38.6 million traded, accounting for 5.55% of the day's traded value. Safaricom was the day's main feature, with 18.5 million shares valued at KSh 525 million changing hands.

On a global scale, share prices have been under pressure in recent days, with the rising number of Covid-19 cases across the US leading to a more nervous mood.

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