NSE Trading Summary for Tuesday, November 17, 2020

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At the close of today’s trading session at the Nairobi Securities Exchange, a total of 14,141,900 shares, 787 deals, and a cumulative market value of Kshs 365,836,254 was traded. Compared to Monday, November 16, this was a significant improvement on volume by 79%, 37% gain on equity turnover, and 17% improved equity deals.

Fifty companies listed on the bourse saw shares exchange hands, leaving 17 gainers and 26 losers. The biggest gainers for the day were Bank of Kigali (+9.52%), Stanbic Bank (+4.85%), Liberty Insurance Holdings (3.59%), Total Limited (+2.91%), and Home Afrika at (+2.50%). Kigali, as the biggest gainer, closed its share price at Kshs 13.80. The top five losers were Transcentury Holdings, dropping at (-9.63%) to close at Kshs 1.22, followed by TPS East Africa Serena (-7.54%), Olympia Capital (-6.97%), Carbacid Investments, which was the biggest gainer on Monday, dropped its share price to close at Kshs 8.22. Housing Finance Group closed the day at Kshs 3.19 with a -6,45% drop.

In Volumes, ABSA was the biggest mover with 5.38 million shares exchanging hands, bringing the newly restructured bank’s total market capitalization to Kshs 54.32 billion. This was followed closely by Safaricom, with 4.83 million shares trading hands. Other movers for the day were Kenya Commercial Bank, Cooperative Bank, and KPLC.

Notable News in the stock market was a move by Safaricom entry into the Ethiopian Market.

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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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