This archive report was first published on 29 July 2019.
On July 29, 2019, the Nairobi Securities Exchange (NSE) witnessed a significant surge in futures trading, with Safaricom's contracts being the driving force behind the increase.
The NSE NEXT Derivatives Market saw six Safaricom contracts trade, with the derivatives market jumping past last Friday's posting of Ksh75,900.
With the Safaricom contracts set to expire on September 19, the giant telco's stock futures traded higher than the Ksh27.55 on the spot market, concluding at Ksh28.21.
At the equity market, turnover opened the week at Ksh417 million, rising from the Ksh346 million posted on Friday, but the bourse's volume dropped to 6.5 million shares traded against 13 million shares.
Market turnover was dominated by the Manufacturing Sector, which contributed 64.47% of the day's traded value, amounting to Ksh304 million, with East African Breweries Limited (EABL) and BAT Kenya leading the way.
The market indicators registered mixed results, with the All Share Index NASI picking up 0.10 points to stand at 149.92, while the NSE 20 share Index was 9.11 points higher to stand at 2698.64.
At the bonds market, bonds worth Ksh3.6 billion were transacted.
