Turnover at the Nairobi Securities Exchange continued on its downward slide this week, closing at KSh 143.35 Million on 9th September 2020.
This is compared to a turnover of KSh 177.66 million on Tuesday and KSh 501.5 Million on Monday. When the bourse closed on Wednesday, a total of 6.01 Million shares were traded in 969 deals.
Safaricom dislodged Absa Bank as the most traded counter, moving 1.83 Million shares resulting in a turnover of KSh 53.18 Million.
Other movers were KPLC with a volume of 729,700 shares, KCB (506,700), CIC (315,600) and Uchumi (272,200).
The benchmark NSE All Share Index (NASI) gained 0.48 points to close at 137.41. The NSE 20 Share Index gained 2.69 points to close at 1853.32. The NSE 25 Share Index gained 18.50 points to close at 3184.54.
Foreign investors participation was highest on the Bank of Kigali counter at 98.6% followed by Safaricom (69.10%), EABL (67.8%), KCB (57.7%) with both Diamond Trust Bank and Jubilee attracting 50% foreign investor participation.
The top gainer was Umeme Limited, a Ugandan-based power utility firm, whose share price rose by 7.69% to KSh 7.00, trading a volume of 100 and recording a turnover of KSh 700.
Others were East African Portland whose price increased 6.07% to KSh 14.85, Britam up 5.78% to KSh 7.32, Kenya Re which appreciated 3.74% to KSh 2.22 and East African Cables whose price rose 3.49% to KSh 1.78.
The top losers were led by BOC, which had a price decline of 9.43% to KSh 55.25. It was followed by Bank of Kigali which fell 8.51% to KSh 15.05, Flame Tree Group 4.51% to KSh 1.27, Stanbic Holdings 3.50% to KSh 75.75 and Nairobi Securities Exchange(NSE) whose share price fell 2.59% to KSh 8.28.
A total of 4 contracts valued at KSh 131,200 were concluded at the derivatives market. This is compared to one contract valued at KSh29,000 transacted on Tuesday.
The secondary bond market transacted business worth KSh 4.01 billion in 120 deals. This is against bonds worth KSh5.21 billion achieved in 135 deals posted on Tuesday 8th September, 2020.
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