NSE Trading Summary for Monday, November 16, 2020.

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At the close of the first day of the week, Nairobi Securities Exchange had 7,918,900 shares; 670 deals with a total market value of Kshs 266,798,306 traded. Compared to the close of the second week of November on Friday 13 November 2020, there was a 52% drop in the trade volume, an 11% drop in deals, and a 28% decline in equity turnover.

Overall, 37 listed companies participated in trading at the bourse with nine gainers and 21 losers. Carbacid Investments was the biggest gainer with a 10% rise, mainly due to BOG gases’ demand in the Covid-19 pandemic.

Carbacid Investments share price closed at Kshs 8.80 per share, followed closely by Nation Media Group (+3.51%), Bamburi Cement (+2.21%), and the Nairobi Securities Exchange (+1.27%).

The biggest loser for the day was Transcentury Limited that saw its share price depreciate at 10% to close at Kshs 1.35 per share.

Other companies that were on the losing side were Olympia Capital Holdings (-8.64%), Express Kenya (-8.44%), and Britam Holdings, dropping at (-4,47%)

The current market capitalization at the NSE currently stands at Kshs 2.7 trillion. Equity Bank was the biggest mover at the bourse with the highest volume of traded shares at 2.8 million, followed by Safaricom at 2.51 million, KCB Group (405,200), and Sasini Tea and Coffee saw 378,100 shares exchange hands.

The biggest news at the NSE is the continued suspension of Nairobi Ventures Limited as it continues with its business restructuring process.

On market value, FTSE 25 Index climbed 0.65 (0.34% ) points to close at 190,04 with an overall YTD loss of 17.19%.

 

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The Author of this Article is a registered Financial & Investment Analyst with Institute of Certified Investment and Financial Analyst. If your require more information Email: info@finsolutions.co.ke or +254 780216631

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