NSE Trading Summary for Wednesday, November 18, 2020

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At the end of today’s trading session on the Nairobi Securities Exchange, a total of 725 deals, 6,626,200 shares with a corresponding market value of Kshs 209,901,361 were traded. Compared to Tuesday’s trade statistics, this was a 53% decline in volume, a 43% decline in turnover, and an 8% decline in deals.

Forty companies participated in todays deals, with 16 gainers and 18 losers. The top gainer on Wednesday 18 was Olympia Capital, closing at Kshs 2 with a 6.95% gain. Britam Investments’ share price rose by 3.31% to close at Kshs 7.50. Other gainers for the day were Bamburi Cement (3.28%), Kenya Reinsurance Limited (2.38%), and East African Cables (2.34%).

On the losing side, Home Afrika dropped its share price further to close at 0.37 cents with a (-9.76%), Express Kenya followed, dropping at -6.98% to close at Kshs 3.20. Other top losers were Eveready Limited (-4.4%), Nation Media Group (-3.01%), and Flame Tree Group (-2.17%).

On volumes, Safaricom was the top move with 3.01 million shares exchanging hand. ABSA came second with 942,100 shares exchanging hands, followed by Kengen (689,200), Equity (445,600), and Cooperative Bank (289,800).

The biggest news for the day was a significant drop in ABSA quarter  three profits by a margin of 65%.

Capital Markets Authority clarified on MansaX trading as a money manager in the Kenyan market. Mansa X is a subsidiary of Standard Investment Bank operating as a money manager in the forex market.

Bob -Karina, Vice Chairman of the NSE, announced the combination of East African Exchanges should be a go in quarter one of 2021.

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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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