Summary (10th December, 2020)
At the end of today's trading session on the Nairobi Securities Exchange (NSE), a total of 36,398,800 shares in 858 deals, corresponding to a market value of KES 994,785,709 were traded. Compared with the previous NSE trading day (Wednesday, December 9), today's data shows 103% improvement in volume, 93% improvement in turnover, and 24% improvement in deals. The current NSE market capitalization is KES 2.241 trillion
In aggregate, 45 NSE listed equities participated in trading, ending with 26 gainers and 13 losers.
Top Gainers
Bank of Kigali Group led the gainers with 8.26% share price appreciation closing at KES 18.35 per share, followed by Bamburi Cement (+7.9%), Housing Finance Company (+7.14) and Uchumi Supermarkets (+3.45%).
Top Losers
On the losing side, Olympia Capital Holdings came out last with an end of day price depreciation of 7.95% at KES 2.20 per share, followed by Jubilee Holdings (-5.26%), Sameer Africa (-4.76%) and Unga Group (-3.23%).
Top Movers
Safaricom recorded the highest volume of 23.6 million traded shares, followed by KPLC (6.48m), Equity Group Holdings (3.75m) and KCB Bank Kenya (1.19m).
Recommended Stock Purchase
I would recommend that investors buy Jubilee Holdings at the current price.
Jubilee Holdings has;
Price = KES 270
PE Ratio = 5.5
EPS = 49.07
Market Capitalization = 19,567,696,500
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