NSE Equity Turnover Plunges 76.5% to KSh 79.8 Million

Nairobi Securities Exchange( NSE) Equity turnover declined sharply on the first day of this trading week to KSh 79.8 Million compared to KSh 340.8 Million when the market closed on Friday last week, a decline of 76.5%.

However, the number of deals went up to 1,161 this Monday compared to the previous 1,044 when the bourse closed last week.

The number of shares also declined by 56% to 3.9 Million compared to Friday’s 9.5 Million shares traded.

NSE INDICES

The benchmark NSE All Share Index(NASI) was up 0.47 points to close at 179.45, while the NSE 20 Share Index rose 0.33 points to close at 1982.24. The NSE 25 Share Index was also up 16.29 points to close at 3911.79.

The day’s 5 top price gainers were led by Car&General whose share price was up by 10% to KSh 35.20, followed by Umeme, which gained 6.56% to close at KSh 6.50, Jubilee which appreciated by 3.92% to KSh 384.50, Housing Finance Company of Kenya which gained 3.64% to KSh 3.99 and Olympia Capital Holdings which was up 3.14% to KSh 1.97.

Jubilee Holdings, which declared a final dividend of KSh 8.00 on April 16th, 2021 and book closure on 26th May 2021, made payments to shareholders this Monday, 26th July 2021, lifting activity on its counter.

The worst-performing stocks were led by Sanlam Kenya, which declined by 8.19% to KSh 10.65, Uchumi which lost 7.41% to close at KSh 0.25; TPS Eastern Africa Serena, which was down 5.33% to KSh 14.20, Stanlib Fahari Income-REIT which declined by 5.31% to KSh 6.78 and NSE which depreciated by 2.90% to KSh 8.72.

The Secondary Bonds Market recorded a turnover of KSh 5.4 Billion from 46 deals compared to a turnover of KSh 4.2 Billion from 70 deals when trading ended at the bourse on Friday last week.

The Derivatives Market had 21 single futures contracts valued at KSh 211,950 compared to 15 single futures contracts with a total value of KSh 675,000 when trading ended at the bourse on Friday last week.