Market ReportMarket Report; 01 November 2021

At the end of the first weekday of trading on the Nairobi Securities Exchange 

A total of 16,997,600 shares in 1,271 deals, corresponding to a market value of KES 257,950,128.00, were traded.

Compared with the previous NSE trading day (Friday, October 29), today’s data shows 104% improvement in volume, 6% improvement in turnover, and 35% improvement in deals.

The current market capitalization of the Nairobi Securities Exchange is KES 2.67 trillion.

In the aggregate, 48 NSE equities participated in trading, ending with 22✅ gainers and 16🔻 losers.

Kenya Power & Lighting Company Plc [KPLC] led the gainers with✅ 17.44% share price appreciation closing at KES 2.02 per share, followed by:

✅ Kakuzi Plc [KUKZ] (+7.79%)
✅ Nairobi Business Ventures [NBV] (+5.95%)
✅ Kapchorua Plc [KAPC] (+5.88%).

On the losing side, Limuru Tea Plc [LIMT] came out last with an end-of-day price depreciation of 🔻9.09% at KES 300.00 per share, followed by:

🔻Sameer Africa Plc [SMER] (-5.92%)
🔻CIC Insurance Plc [CIC] (-3.13%)
🔻 KenGen Plc [KEGN] (-2.56%).

Kenya Power & Lighting Company Plc [KPLC] recorded the highest volume of 10.7 million traded shares, followed by:

➖ Safaricom Plc [SCOM] (2.66m)
➖Equity Group Holdings Plc [EQTY] (961,100)
➖ KenGen Plc [KEGN] (616,700).

➡️The benchmark NSE All-Share Index [NASI] declined🔻 2.13 points to close at 175.83
➡️The NSE 20 Share Index gained 10.69 points to close at 1972.02
➡️The NSE 25 Share Index declined🔻 28.20 points to close at 3823.47

 

Bonds & Derivatives on NSE.

The derivatives market of the Nairobi Securities Exchange recorded a decline in activity with 10 single stock features valued at Kes 328,065 traded during today’s trading session compared to the 11 single stock features valued at Kes 369,065 traded during the previous trading session.

Trading on the secondary bond market on the Nairobi Securities Exchange posted a decline in turnover during Today’s trading session, with bonds valued at Kes 2.52 billion transacted in 72 deals compared to the Kes 3.00 billion worth of bonds achieved in 148  deals traded at the close of the previous trading session.

Market Outlook

Shares of Kenya Power & Lighting Company Plc rallied 17.44% during Monday’s trading session at the Nairobi bourse. KPLC shares have closed Monday at KES 2.02 per share. At some point, KPLC shares were trading at 30% above Friday’s closing price.

Kenya Power posted upbeat earnings on Friday after market close and, earnings showed the company had jumped back to profitability.

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