Figures indicate that turnover at the Nairobi Securities Exchange(NSE) stood at KShs. 39.53 Billion at the end of Q2, 2020, a 20.19% increase from KSh 32.89 Billion over a similar period last year.
According to a Capital Markets Authority(CMA) Q2, 2020 report, covering the period between April and June this year, volumes traded increased by 31.46% to 1.4 Billion in Q2, 2020 compared to 1.1 Billion in Q2, 2019 and 1.36 Billion in Q1, 2020.
This volume was also a 4.51% from 1,360.48 Million shares traded in the Q1, 2020, covering the period between January to March 2020.
The Secondary equities market remained resilient, recording a 4.38% increase in market capitalization quarter on quarter, reflecting a KSh 88 Billion rise in investor networth.
CMA mentions that Outlook for the quarter remains positive with more Treasury Bond issues expected.
“The secondary debt and equities market expected to remain stable, driven by innovations to promote more activity,” said Luke Ombara-Director, Regulatory Policy and Strategy, CMA.
But performance could be undermined by persistent net foreign equities outflow, profit warnings and the negative impact of the COVID-19 pandemic.
Market Capitalization at the end of Q2 was 4.38% up to KSh 2,04.33 Billion from KSh 2,016.06 Billion in Q1. 2020.
Volumes traded increased by 4.51% to 1,421.84 Million in Q2. 2020 compared to 1,360.48 Million in Q1. 2020.
The NSE All-Share Index recorded a 4.37% increase to close the quarter at 137.68, a massive improvement from a decline of 20.73% for the NSE All-Share witnessed in Q1 2020 when Kenya reported its first COVID-19 case.
The Secondary equities market remained resilient, recording a 4.38% increase in market capitalization quarter on quarter, reflecting a KSh 88 Billion rise in investor networth.
Listed firms that remained suspended during Q2 period include National Bank of Kenya, Deacons (East Africa) Plc; ARM Cement Plc and Mumias Sugar.
KenolKobil Ltd was delisted from the bourse in May 2019 after a successful takeover by Rubis Energie.
During the quarter, Kenya Airways Shares were suspended temporarily for 90 days as discussions on its possible nationalization by the Government gets underway.
With 63 listed firms at the bourse, firms that exited the bourse include Kenol Kobil, is Marshall East Africa Limited, Hutchings Biemer and A. Baumann.
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