The Nairobi Securities Exchange (NSE) recorded a decline in both volume and turnover as trading resumed after investors came back from the Christmas holiday.
Turnover recorded was KSh 109,652,882.00 when trading closed this Monday, 28th December 2020, a decline of 75% from Thursday’s KSh 511 Million.
NSE top movers
Co-operative Bank was the biggest mover with a volume of 2.09 Million, followed by Safaricom(1.83 Million), KenGen( 1.15 Million), KPLC(548,400), and Centum( 140,700).
The top price gainer was Flame Tree Group which was up 8.80% to KSh 1.36, TransCentury which edged 7.97% to close at KSh 1.49, East African Cables which was up 4.62% to KSh 1.36, Total which rose 2.35% to KSh 24.00 and Carbacid Investments whose share price gained 2.10% to KSh 12.15.
Worst performers
The worst performers were led by Standard Group Limited, which declined 7.89% to KSh 21.00, Sasini, which fell 4.47% to KSh 17.10, KenGen, which declined 4.055 to KSh 4.50, Liberty, which fell 3.84% to KSh 7.52 and Britam, which was down 3.34% to KSh 6.94.
Fixed income securities
The NSE All-Share Index was up 0.11 points to 150.29, while the NSE 25 Share Index was up 1.19 to 3345.45. The NSE 20 was, however, down 9.45 to 1830.06.
The derivatives market had 5 single stocks futures contracts valued at KSh 46,000 concluded. This was a decline in turnover from the 5 contracts valued at KSh 180,290 transacted in the previous trading session.
Bonds worth KSh 2.28 Billion were traded in 40 deals during today’s session as compared to KSh1.77 Billion achieved in 56 deals at Thursday’s session.
Global markets
On the global markets, the most notable activity involved shares of Chinese tech giant Alibaba in Hong Kong this Monday, after Chinese regulators ordered Alibaba-affiliate Ant Group to rectify its businesses.
By the Hong Kong market close on Monday, shares of Alibaba listed in the city plunged 7.98%.
The stock had also dived on Thursday last week following reports that Chinese regulators will probe the tech behemoth for suspected monopolistic behavior.
Stocks in Asia were mixed on Monday as the final trading week of 2020 kicked off. The broader Hang Seng Tech index shed 4.26% on the day to 7,795.78.
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