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Nairobi Stock Exchange Rises By 45%

Nairobi Securities Exchange (NSE) closed trading on November 3, 2020 with a 45% rise. 20.79 million volume of shares caused this increase worth KSh 632.7 million.

The main force behind the move, Safaricom  traded 15.7 million shares at a price of KSh 31.2. The counter recorded 129 deals resulting in a turnover of KSh 490.22 million with 97.3% foreign investor participation.

Equity Group Plc, the second top mover had 2.74 million shares traded. Its share price was, however, down by1.80% to close at KSh 32.75 from the previous KSh 33.35. There were 115 deals posted on this counter with foreign investors accounting for 52.5% of the KSh 89.67 million turnover.

Bamburi was the third-largest mover with a volume of 492,800 shares changing hands at the price of KSh 24.00, a rise of 5.26% from the previous KSh 22.80 this Monday.

Centum Investments was the 4th largest mover with a volume of 431,800 shares at a lower price of KSh 17.50 compared to KSh 18.05 when trading closed yesterday.

Bank of Kigali closed the top 5 movers with a volume of 234,800 at a price of KSh 12.55 from the previous KSh 12.75.

The top price gainers were led by Olympia Capital Holdings, which gained 9.74% to trade at KSh 2.14. It was followed by Eveready which was up 7.07% to KSh 1.06, East African Cables which was up 6.04% to KSh 1.58, Bamburi Cement which edged 5.26% to close at KSh 24.00 and Stanbic Holdings which gained 5.19% to close at KSh 81.00.

The worst performers were led by Limuru Tea whose price was down 10% to close at KSh 360 from the previous KSh 400. This counter had one deal of 100 shares that resulted in a turnover of KSh 36,000.

Limuru Tea was followed by Nairobi Securities Exchange which fell 5.99% to KSh 7.54, Flame Tree Group which was down 5% to KSh 1.33, Centum Investments which declined 3.05% to trade at KSh 17.50 and KPLC which was down 2.84% to KSh 1.71.

The benchmark NSE All Share Index (NASI) declined 0.18 points to close at 140.58 while the NSE 20 Share Index also fell by 7.97 points to settle at 1755.75. The NSE 25 Share Index declined 5.84 points to close at 3165.51.

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