Turnover at NSE Plunges to KSh 269 Million

Turnover at the Nairobi Securities Exchange(NSE) fell to KSh 269.03 Million at the close of trading on 3rd September, 2020. This is compared to a turnover of KSh 1.1 Billion when the bourse closed on Wednesday.

Safaricom maintained its dominance at the bourse, moving 3.23 Million shares trading a high of KSh 30.10 and a low of KSh 29.50. There were 151 deals resulting in a turnover of KSh 97.14 Million with 51.3% participation of foreign investors.

Co-operative Bank moved 1.86 Million shares resulting in a turnover of KSh 22.05 Million in 81 deals with shares trading at a high of KSh 11.90 and a low of KSh 11.80. KPLC moved 1.30 Million shares at the price of between KSh 1.94 and KSh 1.90 on a volume of 1.30 Million and turnover of KSh 2.47 Million.

Other movers at the bourse were KCB which sold 1.20 Million shares and Kenya Reinsurance Corporation which traded a volume of 1.03 Million shares.

The NSE All-Share Index rose from the previous 141.00 to 141.25 this Thursday, an increase of 0.18% or 0.25 points.

The NSE 25 Share Index climbed from 3264.68 points to 3268.68, a rise of 3.86 or 0.12% while the NSE 20 share index increased from 1835.30 to 1852.39, a rise of 17.09 points or 0.93%.

The biggest gainer was WPP Scangroup whose share price rose 10% to KSh 7.70. It was followed by Nation Media Group which was up 9.89% to KSh 15.55, Bank of Kigali 9.67% to KSh 16.45, Total Kenya which was up 9% to KSh 23.00 and Britam which saw its share price appreciate 5.68% to KSh 7.44.

Losing stocks included Sameer Africa whose price fell 10% to KSh 3.60, Unga which fell 9.09% to KSh 30.00, TransCentury down 8.82% to KSh 1.55, Home Africa which sold at 39 cents per share while East African Cables saw its share price dip 6.84% to KSh 1.77.

The derivatives market had 7 contracts valued at KSh 249,800 concluded. This is higher compared to 4 contracts valued at KSh 133,030 concluded in the previous trading session.