NSE TRADING SUMMARY FOR MONDAY, November 23, 2020

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On the first day of the third week of November, the Nairobi Securities Exchange saw a total of 9,420,000 shares exchanged hands. 539 deals were corresponding to a market value of Kshs 480,746,827

Compared to Friday, November, 20, todays trading statistics saw a declined volume of 68%, a 47% decline in turnover, and a corresponding 40% decline in the number of deals.

The drop saw a decline in NSE Market capitalization to Kshs 2.16 trillion with Safaricom taking almost half of the total value.

The declining trend in volume, turnover, and deals ended with 12 gainers and 12 losers from the 44 listed firms trading on Monday.

Carbacid Investments was the biggest gainer with its share price appreciating at 5.4% closing at Kshs 8.98 per share. Much of the appreciation was attributed to the company’s growth in its net profit by 23%. The company also reported a dividend payment of Kshs 0.7 per share.

Other gainers for the day included Centum Investment (+5%) to close at Kshs 16.80, Nation Media Group appreciated by 3.23% to close at Kshs 16.00, Sameer Africa gained by 2.91% closing at Kshs 3.18, and Diamond Trust Bank by rose by a 2.77% margin to close at Kshs 65.

The biggest loser for the day was East African Portland Cement declining by -7.69% to close at Kshs 12.00. Other losers were Fame Tree Group Kshs (-7.09%), Olympia Capital (-5.58%), Sanlam Investments (-5.17%), and WPP Scan Group by (-3.54%).

NSE Market Summary, November, 23, 2020

On volumes, KCB Group was the biggest mover with 4.41 million shares exchanging hand, Safaricom Limited 2.24 million, EABL 827,100 shares, Equity Bank 669,500 shares, and British American Tobacco 227,800 shares.

The biggest news for the day was Carbacid Investment reporting a 23% jump in net profit and an announcement of Kshs 0.70 per share. The company financial year, which ended 31st July 2020 saw a significant rise in its profit from Kshs 264.6 million to Kshs 324.7 million.

Carbacid Investments is one of the few companies to report profits during the Covid-19 pandemic. Carbacid is involved in supplying carbon dioxide gas to food manufactures, medical facilities, among other industries.

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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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