NSE Derivatives

Two derivative contracts were traded on Thursday, during the first day of launch, marking a major milestone for the Nairobi bourse.

Realted Story;

NSE becomes the second African market with derivatives

The Nairobi Securities Exchange (NSE) said in its daily market report that it had achieved a significant milestone today with the commencement of futures trading, becoming the second Exchange in Sub-Saharan region to launch a derivatives market.

“Two contracts in East African Breweries and Safaricom worth Sh48,000 expiring in September 2019 were concluded in today’s debut session,” NSE said.

Here is the rest of the report on how the market performed:

Equities

Market turnover rose to Sh552million from the previous session’s Sh260million, the number of shares traded stood at 33.8million against 9.5million posted yesterday.

Indices

The NSE 20 share Index was down 4.06 points to stand at 2646.69. All Share Index NASI shed 4.06 points to stand at 149.09. The NSE 25 Share index dropped 11.55 points to settle at 3594.51.

Banking

The Banking Sector had shares worth Sh203million transacted which accounted for 36.79 percent of the day’s traded value. Barclays Bank closed the day 1.45 percent lower to Sh10.2 moving 10million shares valued at Sh103M. Equity Group Holdings up 1.01 percent to Sh39.95 moved one million shares valued at Sh40million.

KCB Group moved 791,000 shares worth Sh31.8million and closed at Sh40.15.

Insurance

The Insurance sector had shares worth 120million traded and accounted for 21.79 percent of the day’s traded value.

Britam Holdings was the day’s biggest mover with 14M shares valued at Sh119million shares changing hands at between Sh7.6 and Sh8.3.

Investment

The Investment sector had shares worth 55.6million traded and accounted for 10.07 percent of the day’s traded value.

Centum Investment recorded a 1.87percent gain to close the day at Sh32.70 with shares worth Sh55.5million transacted.

Manufacturing

The manufacturing and Allied sector had shares worth 64.9milion traded & accounted for 11.75 percent of the day’s traded value. East African Breweries was down 1 percent to Sh195 and moved 322,000 shares valued at Sh62.8 million.

In the Telecommunication sector, Safaricom had 3.6million shares valued at Sh101million transacted at between Sh27.45 and Sh28.20. This represented 18.29 per cent of the day’s traded value.

Fixed Income Securities Market Segment (FISMS).

Bonds

The Bond market witnessed improved activity with bonds worth Sh.4.0Bn transacted compared to Sh2.7billion registered previous session.

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