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NSE Turnover Declines by 47% to KSh 204.4 Million

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Nyakundi Report

Newsroom 1 min read

This archive report was first published on 20 August 2020.

On Thursday, August 20th, 2020, the Nairobi Securities Exchange (NSE) witnessed a significant decline in turnover, plummeting to KSh 204.37 million. This marked a 47% drop from the previous day's turnover of KSh 386.66 million.

Despite the decline, the NSE All-Share index rose to 131.56 from 130.85, representing a 0.54% increase. The NSE 20 Share Index also saw a slight increase, rising to 1734.72 from 1732.34, a 0.14% gain.

Sameer Africa emerged as the top gainer, with its share price rising 9.85% to KSh 3.57. Flame Tree Group Holdings followed closely, with its share price increasing by 5.60% to KSh 1.32.

Other notable gainers included KCB, whose share price increased by 5.35% to KSh 33.50, and Britam Holdings, which saw its share price rise by 5.34% to KSh 7.10.

However, Nairobi Business ventures took the top spot as the biggest loser, with a 9.09% decline in its share price. Bamburi Cement, Kenya Reinsurance Corporation, Home Africa, and TPS (Serena) also experienced significant declines in their share prices.

Kenya Reinsurance Corporation was the most actively traded stock, with 10.54 million shares changing hands. KCB, Safaricom, KPLC, and NSE also witnessed significant trading activity.

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