This archive report was first published on 23 July 2019.
On July 23, 2019, the Nairobi Securities Exchange (NSE) derivatives market, known as NEXT, saw a significant jump in value, reaching Ksh452,560.
This increase was largely driven by activity in Safaricom, Kenya Commercial Bank (KCB), and East African Breweries Limited (EABL) single future contracts.
On the previous day, the NSE derivatives market had posted a total value of Ksh201,220.
On Tuesday, Safaricom transacted 14 contracts for a value of Ksh392,160, while EABL and KCB had one contract each, valued at Ksh20,200 and Ksh42,200 respectively.
These 16 deals were all for contracts set to expire on September 19.
The futures traded at a share price of Ksh28 for Safaricom, Ksh40.20 for KCB, and Ksh202 for EABL, compared to their respective closing prices on the spot market.
At the equity turnover, the market value rose to Ksh525 million, with 28.8 million shares traded, compared to the previous session's Ksh265 million and 8.4 million shares traded.
The banking sector was the day's biggest trader, with shares worth Ksh299 million, accounting for 56.96% of the day's traded value.
Barclays Bank actively moved 15.5 million shares valued at Ksh159 million, while KCB Group ticked up 5 cents to Ksh39.85, moving 2.3 million shares valued at Ksh94 million.
Equity Group Holdings moved 920,000 shares worth Ksh37 million and closed at Ksh40.60.
At the indices, all the counters blinked red, with the All Share Index (NASI) shedding 1.88 points to stand at 148.04, the NSE 20 share Index down 23.33 points to stand at 2675.31, and the NSE 25 Share index losing 34.43 points to settle at 3584.55.
The Bond market meanwhile had bonds worth Ksh3.7 billion transacted, jumping from Ksh3 billion previously.
