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NSE Turnover Rises Sharply to KSh 707.58 Million

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Nyakundi Report

Newsroom 2 min read

This archive report was first published on 21 August 2020.

On Friday, the Nairobi Securities Exchange (NSE) witnessed a significant surge in equity turnover, reaching KSh 707.58 million at the close of trading. This marked a substantial increase from the previous day's turnover of KSh 204.37 million, which was achieved on a volume of 38.55 million shares transacted in 967 deals.

The NSE All Share Index rose by 0.19 points, from 131.56 to 131.75, while the NSE 25 Share Index declined by 4.32 points or 0.14% to 3013.33 from 3017.65 posted on Thursday.

The NSE 20 Share Index also declined, falling by 10.76 points or 0.62% to 1723.96 from 1734.72.

The top movers at the bourse were Safaricom, Kenya Re, NSE, NCBA Group, and Equity Group, with Safaricom trading a volume of 11.65 million shares.

The top gainers included Nairobi Business Ventures, whose share price rose 10% to KSh 0.66, and Eaagads Limited, with its share price appreciating 10% to KSh 11.00.

On the other hand, the biggest loser was NCBA Group, whose share price depreciated by 8.18% to KSh 20.20.

The derivatives market remained inactive, with no contracts concluded during the trading session.

However, the secondary bond market recorded a rise in activity, with bonds worth KSh 845.87 million transacted in 108 deals, compared to KSh 524.48 million achieved in 85 deals during Thursday's trading session.

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