This archive report was first published on 13 May 2020.
On May 13, 2020, the Nairobi Securities Exchange (NSE) witnessed a significant surge in market turnover, reaching KSh1.6 billion. This marked a substantial increase from the previous session's KSh531 million.
The sale of Safaricom shares was the primary driver of this surge, with the company's shares changing hands at between KSh27.90 and KSh29.00. A total of 24 million shares were traded, representing 41.16% of the day's traded value.
The Banking Sector also contributed significantly to the market turnover, with shares worth KSh638 million being transacted. Equity Group Holdings was the most actively traded counter in this sector, with 10 million shares valued at KSh376 million changing hands.
Other notable performers in the Banking Sector included KCB Group, which moved 6 million shares worth KSh240 million, and Stanbic Holdings, which remained steady at KSh88.00 with shares worth KSh9.6 million transacted.
The Commercial & Services sector had shares worth KSh3.7 million traded, accounting for a mere 0.23% of the day's traded value. Nation Media Group touched an all-time low of KSh20.00 before easing up to close at KSh20.20 with shares worth KSh1.7 million transacted.
The NSE 20 share Index was down 14.96 points to stand at 2038.99, while the All Share Index NASI dropped 1.23 points to settle at 139.42. The NSE 25 Share index lost 29.28 points to settle at 3320.10.
The biggest gainers on the day were Kenya Airways, Flame Tree, Eveready, Kapchorua Tea, and I&M Holdings, while the biggest loser was NSE.
