Market ReportMarket Report; 05 November 2021

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

A total of 7,770,400 shares in 986 deals, corresponding to a market value of KES 284,370,488.00, were traded.

Compared with the previous NSE trading day (Thursday, November 4), today’s data shows 32% decline in volume and 29% decline in turnover.

The current market capitalization of the Nairobi Securities Exchange is KES 2.6 trillion.

In the aggregate, 47 NSE equities participated in trading, ending with 12 ✅gainers and 19🔻 losers.

Flame Tree Group Holdings Plc [FTGH] led the gainers with 9.76% share price appreciation closing at✅ KES 1.35 per share, followed by:

✅East African Cables Plc [CABL] (+8.46%)
✅ Sanlam Kenya Plc [SLAM] (+7.83%)
✅ Nairobi Business Ventures [NBV] (+3.11%).

On the losing side, Bank of Kigali Group Plc [BKG] came out last with an end-of-day price depreciation of🔻 7.83% at KES 26.50 per share, followed by:

🔻Umeme Plc [UMME] (-7.25%)
🔻Kenya Re-Insurance Corporation [KNRE] (-2.93%)
🔻 Safaricom Plc [SCOM] (-2.07%).

Safaricom Plc [SCOM] recorded the highest volume of 4.07 million traded shares, followed by:

➖ Co-operative Bank of Kenya [COOP](1.07m)
➖Kenya Power & Lighting Company Plc [KPLC] (580,700)
➖ KCB Group Plc [KCB] (363,200)

➡️The benchmark NSE All-Share Index [NASI] declined🔻 2.46 points to close at 170.94
➡️The NSE 20 Share Index declined🔻 7.41 points to close at 1948.87
➡️The NSE 25 Share Index declined🔻 33.32 points to close at 3757.80

Bonds & Derivatives on NSE.

The derivatives market of the Nairobi Securities Exchange recorded a rise in activity with 20 single stock features valued at Kes 1.29 million traded during today’s trading session compared to the 39 single stock features valued at Kes 907,130 traded during the previous trading session.

Trading on the secondary bond market on the Nairobi Securities Exchange posted a rise in turnover during Today’s trading session, with bonds valued at Kes 3.46 billion transacted in 92 deals compared to the Kes  2.96 billion worth of bonds achieved in 95 deals traded at the close of the previous trading session.

Market Outlook

Shares of Safaricom Plc, Kenya’s largest company by market capitalization have extended decline into Friday’s trading session as investors weigh next week’s HY release versus reports surrounding its Ethiopian subsidiary.

The shares were exchanging hands at between Kes 41.05 and Kes 40.20 representing a 2.07% decline in the value of the shares.

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