This archive report was first published on 5 August 2019.
On August 5, 2019, the Nairobi Securities Exchange (NSE) equity turnover opened Ksh50 million higher, marking a positive start to the week.
However, derivatives and bonds trading retreated, with futures trading hitting Ksh422,100 the previous Friday but ending the day at Ksh163,200. This decline was attributed to five contracts transacted in single stock futures of Safaricom and Kenya Commercial Bank (KCB).
The bonds market also experienced a decline, with Ksh1.5 billion worth of bonds transacted, down from Ksh1.9 billion in the previous session. This decline was due to 40 deals in the bonds market, compared to 113 deals previously.
At the equity counter, the bourse opened the week with a total of 5.5 million shares valued at Ksh209 million, a significant increase from the 7.7 million shares valued at Ksh150 million traded the previous Friday.
The banking sector dominated the day's traded value, accounting for 51.08% of the NSE's turnover at Ksh107 million. The telecommunications sector also saw significant activity, with shares worth Ksh44.6 million traded, all of which were transacted by Safaricom.
At the indices tab, all indicators registered declines, with the All Share Index (NASI) shedding 0.23 points to stand at 148.10, the NSE 20 share Index down 10.95 points to stand at 2575.73, and the NSE 25 Share index losing 13.06 points to settle at 3568.75.
Umeme Ltd emerged as the highest gainer, jumping 8.29% to Ksh8.10, while East African Cables slumped 7% to Ksh2.26, recording the largest dip at closing bell.
