This archive report was first published on 6 November 2019.
Published on November 6, 2019, the Capital Markets Soundness Report for the third quarter of 2019 revealed a decline in equity turnover at the Nairobi Securities Exchange (NSE).
The report showed that the NSE's equity turnover for the three months from June to September dropped to KSh 30.66 billion, a 6.8% decrease from the second quarter's turnover of KSh 32.90 billion.
According to the report, the volume of shares traded at the NSE decreased by 24.05% to 1.06 billion shares in the third quarter, compared to 1.397 billion shares in the second quarter of 2019.
Other composite indicators, including the NSE All-Share and NSE 20-Shares index, also recorded decreases of 2.77% and 7.65% respectively, closing the quarter at 145.46 points and 2431.97 points.
During the quarter, the top price gainers at the NSE were HF Group, E.A. Cables Ltd, WPP Scan Group, KCB Group, and Total Kenya, with gains of 75.56%, 21.31%, 11.76%, 9.80%, and 5.85% respectively.
On the other hand, the top price losers were Uchumi, Kenya Airways, Kenya Power, Kenya Re, and Trans-Century, with losses of 45.10%, 35.77%, 24.94%, 23.14%, and 21.98% respectively.
The NSE launched the NEXT Derivatives Market on July 11, 2019, making it the second African exchange to operate a derivatives market.
The derivatives market offers Index Futures and Single Stock Futures on selected indices and stocks, providing new opportunities for investors to diversify their portfolios, manage risk, and deploy capital more efficiently.
