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NSE Sees 24% Jump in Trading Volume, KSh 635 Million in Deals

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Nyakundi Report

Newsroom 2 min read

This archive report was first published on 23 May 2020.

On Friday, the Nairobi Securities Exchange (NSE) closed with a notable increase in trading activity, with a total of 22,477,700 shares traded in 949 deals, valued at KSh 635,143,013.00.

Compared to the previous day, there was a 24% improvement in volume, an 8% improvement in turnover, and an 8% decline in deals.

Kenya Airways led the gainers, with a 9.76% appreciation in its share price, closing at KSh 3.15 per share. On the other hand, Kakuzi suffered the largest decline, with a 9.72% depreciation in its share price, closing at KSh 320.50 per share.

The top traded shares included KCB, with 8.6 million shares traded, followed by Safaricom (6.06 million), Equity (2.62 million), and Absa Bank (1.43 million).

The benchmark NSE All Share Index (NASI) gained 1.73 points to close at 140.39, while the NSE 20 Share Index gained 10.87 points to close at 2014.88, and the NSE 25 Share Index gained 31.24 points to close at 3279.69.

However, the derivatives market saw a decline in activity, with only one Safaricom contract worth KSh 29,000 traded, down from Thursday's 14 contracts worth KSh 394,200.

On the bond market, there was an increase in activity, with bonds worth KSh 2.55 billion trading in 82 deals, compared to Thursday's turnover of KSh 1.94 billion in 81 deals.

The NSE will remain closed on Monday, May 25, to observe the Muslim holiday of Eid al-Fitr.

Source: Kenya Stock Market Report, May 21, 2020

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