The Nairobi Securities Exchange (NSE) experienced a temporary disruption to its equity trading operations occasioned by a system hitch.
This has since been resolved, and normal operations resumed enabling investors to trade as normal. Owing to the delayed start, the market close was extended to 4:00 p.m.
Geoffrey Odundo, Chief Executive, NSE, reaffirmed, “We have isolated and resolved the issue. We want to assure all our stakeholders that we have resumed full normal operations and are confident that the technology infrastructure that supports the Equity market is resilient and will continue to support the market in line with our 2020-2024 strategic plan.”
When trading ended at the bourse this Wednesday, Eveready was the top gainer its price rising 8.14% to KSh 0.93 followed by HFCK which gained 7.14% to KSh 3.45; EGAD which was up 7.14% to KSh 13.50; Diamond Trust Bank which was up 3.17% to KSh 57.00 and Car&General which was up 3.01% to KSh 68.50.
The losing counters were led by Trans Century which fell 8.85% to KSh 1.03 followed by Nairobi Business Ventures which declined by 8.83% to KSh 4.44, Standard Group which fell 8.46% to KSh 11.90, NSE which lost 5.63% to KSh 7.04 and Stanlib Fahari Income-REIT which lost 3.77% to KSh 5.62.
The prime movers were Safaricom with a volume of 5.15 Million followed by KCB(3.64 Million), Absa( 889,900), KenGen(316,100) and Equity Group( 139,100).
After the resumption of trading at 2:00 p.m. and the extension of trading sessions to 4.00 p.m. from 3.00 p.m Market turnover rose to KSh 376Million from the previous sessions KSh343Million while the number of equity deals declined to 481 from Tuesday’s 1191 deals. The number of shares traded declined to 10.5 Million today from the previous day’s 11.5 Million.
The NSE All-Share index was down 0.30 points to 159.18 while the NSE 20 Share Index declined by 2.84 points to close at 1864.92. The NSE 25 Share Index was up 9.92 points to 3628.96
The Derivatives Market had 28 contracts worth KSh 951,900 concluded while the secondary bonds market had bonds worth KSh 6.7Billion transacted.