The Nairobi Securities Exchange (NSE) ended the week lower, showing a general decline in market performance. Key indices, NSE 20, NASI and N10 all recorded a drop as compared to the previous week.
The market capitalisation posted a 3.31% decrease this week to Kes 2.719 trillion from the Kes 2.812 trillion recorded in the previous week. The market also saw a decline in major counters like Safaricom, Co-operative and NCBA.
The overall activity of the top 5 companies (Safaricom, KPLC, KCB and EABL) stood at Kes. 1.16 billion accounting for 66.90% of the total turnover. There was a general decline in the total turnover as a proportion of the total market turnover by 4.89% from 71.79% last week.
NSE Equities Performance
Equity turnover on the bourse decreased by 17.12% to Kes 1.742 billion from last week’s Kes 2.102 billion. The volume of shares traded at the exchange similarly posted a 3.31% decline to close the week with 84.64 million shares exchanging hands as compared to the 100.56 million traded in the previous week.
The benchmark all share index of the Nairobi Securities Exchange (NASI) dropped this week, shedding 3.32% week on week to close the week at 172.58 points. This NASI now stands at 19.11% in terms of year to date performance.
The NSE 20 and the NSE 25 share indices also dropped this week, with the 20 share index shedding 88.95 points or 2.93% while the 25 share index lost 83.51 points or 1.79% to close the week at 2,942 points and 4,585.44 basis points respectively. The NSE 10 share index has also shed up to 1.79% in week on week performance.
Car and General was the week’s top gainer, closing the week 13.4% higher to Kes. 51.75. Other top gainers include Unga Group, Absa New Gold ETF, Nation Media Group and Total Energies Marketing.
Kenya Power led the losers this week, shedding 13.55% to Kes. 13.40 from Kes. 15.50 posted last week. Other losers include Umeme Limited, Home Africa, Longhorn Publishers and Crown Paints.
NSE Bonds and Derivatives Market
The Derivatives market of the Nairobi Securities Exchange closed the week with a total of 5,407 contracts valued at KES 9.1 million transacted, this was an 11.03% increase in turnover on the NEXT as compared to the 3,421 contracts valued at KES 8.2 million posted in the preceding week.
Trading on the secondary bond market at the Nairobi Securities Exchange posted a 27.35% decrease in activity with Kes. 30.758 billion worth of bonds traded against the Kes. 42.336 billion worth of bonds transacted in the previous week.
The Bond Index recorded a 1.81% decrease to close the week at 1167.98 from 1189.55 in the previous week.
