Market Turnover at the Nairobi Securities Exchange retreated to KSh 473 Million on Tuesday, from Monday’s KSh 888 Million. The volume of shares traded fell by 60.4% to 16.9 Million
Top mover of the day was Safaricom with over 8.4 Million shares traded valued at KSh 262 Million. This represented 53.32% of the day’s traded value. Foreign investors made up 67.3% of the trade with Safaricom emerging the top net foreign buy. Safaricom was trading at between KSh 30.55 and KSh 31.00 closing the day at KSh 30.95.
Eaagads and Olympia Capital were the top gainers of the day with 10.0% and 9.6% share price appreciation. Both companies had only 100 shares transacted.
Britam Holdings was the top loser of the day shedding off 9.7% of its share price value closing the day at Ksh. 9.62. The volume of shares traded fell to 2,800, signalling the end of the high volumes traded since 8th June when over 1.8 Million Britam shares were traded. The trend continued trading over 21 Million shares on Friday 15th June.
The banking sector had shares worth Ksh. 186 Million transacted, representing 39.41% of the day’s traded value. Equity Group moved 4.4 Million shares valued at Ksh. 154 Million at between Ksh. 34.80 and Ksh. 35.50. KCB Group had 540,600 shares traded valued at Ksh. 19 Million. Equity and KCB Group were the top net foreign sells.
The Derivatives Market has 15 contracts worth Ksh. 436,510 transacted. KCB contracts expiring on 17th September 2020 moved 10 contracts worth Ksh. 347,100. The NSE recently issued new initial margin requirements for Equity Futures that will take effect on Friday 19th June.