The Nairobi Securities Exchange (NSE) recorded a 114% increase in turnover to KSh 185.08 Million when trading ended at the bourse on December 30th, 2020. This is as investors gear up for the new year’s holiday this Friday.
The biggest movers were Safaricom with 4.02 Million shares, followed by KPLC(877,500), KenGen 747,300, Equity Group(580,200), and WPPScanGroup(153,700).
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NSE top price gainers
The top price gainer was Kapchorua Tea, which rose 9.86% to KSh 78.00, followed by Express Kenya, which gained 9.74% to KSh 3.38, BOC Kenya, which rose 9.57% to KSh 63.00, KPLC which edged 7.69% to KSh 1.68, and Uchumi which was up 7.14% to KSh 0.30.
Kapchorua Tea had a volume of 200 shares changing hands Tuesday resulting in a turnover of KSh 15,600.00. Over the past 52 weeks, the counter has hit a high of KSh 90 per share and a low of KSh 59.00.
The listed tea processing firm reported a net profit of KSh19.4 Million according to its audited accounts for the financial year ended 31st March 2020. This is compared to a net loss of KSh125.7 Million during the previous financial year.
With an Earnings per Share(EPS) is 32.21, directors of Kapchorua recommended a dividend of KSh10 per share to be paid out of retained earnings.
Worst performers at the bourse
The worst performers were led by Flame Tree Group, which was down 5.11% to KSh 1.30, Nairobi Business Ventures, TransCentury, East African Cables, and Jubilee.
The NSE 20 Share was up 14.22 points to 1853.06, while the NSE 25 gained 22.12 to 3385.77. The NSE All-Share was up marginally to 150.97 points.
Bond Market
The secondary bond market had bonds worth KSh 1.31 billion traded in 57 deals during Tuesday’s session. This is compared to the KSh 1.99 Billion achieved in 63 deals during the previous trading session.
The derivatives market registered no activity.
Global Markets
Stocks in Asia-Pacific were mixed in Wednesday trade after significant indexes on Wall Street fell overnight.
The Shanghai Composite gained 1.05% to 3,414.45 while the Shenzhen component advanced 1.656% to 14,201.57. Hong Kong’s Hang Seng index rose about 1.6%, as of its final hour of trading.
Elsewhere, the Nikkei 225 in Japan slipped 0.45% to close at 27,444.17. The Wednesday losses came after the index surged more than 2% on Tuesday to close at a level not seen since August 1990, according to data from Refinitiv.
Wednesday was the final trading day in 2020 for stocks in Japan and South Korea as their markets will be closed on Thursday.
Overnight on Wall Street, stocks declined as lawmakers in Washington continued to disagree over Americans’ direct payments.
The Dow Jones Industrial Average dipped 68.30 points to close at 30,335.67. The S&P 500 ended its trading day 0.2% lower at 3,727.04, while the Nasdaq Composite slipped 0.4% to close at 12,850.22.
Tuesday’s losses ended a three-day winning streak for both the Dow and S&P 500.
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