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    Turnover at NSE Hits 635.1 Million

    Jackson
    By Jackson Okoth
    - May 23, 2020
    - May 23, 2020
    Kenya Business newsMarkets
    Turnover at NSE Hits 635.1 Million

    A total of 22,477,700 shares in 949 deals, corresponding to a market value of KSh 635,.1 Million, were traded when the Nairobi Securities Exchange(NSE) closed on Friday.


    There was a 24% improvement in volume, 8% improvement in turnover and 8% decline in deals.


    Kenya Airways led the gainers with a 9.76% share price appreciation closing at KSh 3.15 per share.
    On the losing side, Kakuzi came out last with an end-of-day price depreciation of 9.72% closing at KSh 320.50 per share.


    KCB recorded the highest volume of 8.6 Million traded shares, followed by Safaricom (6.06 Million),Equity (2.62 Million) and Absa Bank (1.43 Million).


    The benchmark NSE All Share Index [NASI] gained 1.73 points to close at 140.39. The NSE 20 Share Index gained 10.87 points to close at 2014.88. The NSE 25 Share Index gained 31.24 points to close at 3279.69


    The derivatives market had a decline in activity with one Safaricom contract worth KSh 29,000 traded down from Thursday’s 14 contracts concluded worth KSh. 394,200..
    Secondary trading on the bond market at the NSE had an increase in activity with bonds worth KSh 2.55 Billion trading in 82 deals, as compared to Thursday’s turnover of KSh 1.94 Billion in 81 deals.

    Trading at the bourse will remain closed on Monday 25th May as the Kenya marks the Muslim religious holiday of Eid al-Fitr.

    ALSO READ: NSE Turnover Rises to KSh 584 Million

    Kenya Stock Market Report; 21/05/2020

    The Kenyan Wall Street

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