This archive report was first published on 5 September 2019.
The Nairobi Securities Exchange (NSE) derivatives market saw a significant increase on September 5, 2019, driven by the trading of Kenya Commercial Bank (KCB) futures contracts. The contracts, worth Ksh156,000, were due to expire on September 19, marking the first quarterly expiry date at the derivatives market.
Meanwhile, Safaricom accounted for the other nine contracts worth Ksh240,000, which were scheduled to expire in December. The mobile phone operator's contracts contributed significantly to the day's futures trading market activity.
On the equities market, Safaricom dominated trading at 70%, with the company's shares valued at Ksh520 million. The mobile phone operator gained 20 cents, moving 19 million shares, the largest on the day. Safaricom's trading was valued at Ksh520 million, with the company's shares closing at Ksh26.85, having traded at a high of Ksh28.50.
The market indicators at the bourse performed as follows: the All Share Index (NASI) picked up 0.30 points to stand at 143.46, while the NSE 20 share Index was up 15.48 points to stand at 2444.54. The NSE 25 Share index was down 7.69 points to settle at 3443.31.
Market turnover retreated to Ksh738 million from the previous session's Ksh811 million, with the number of shares traded standing at 27.7 million against 28.8 million posted yesterday.
The Banking Sector had shares worth Ksh150 million transacted, accounting for 20.39% of the day's traded value. Equity Group Holdings closed the day 2.93% lower to Ksh38.10, moving 1.5 million shares valued at Ksh60 million. Co-operative Bank was up 5 cents to Ksh11.40 and moved 2.6 million shares valued at Ksh30 million. Barclays Bank moved 2.1 million shares worth Ksh23.8 million and closed at Ksh23.8 million.
