Market Report; 16 September 2021

At the end of today’s trading session on the Nairobi Securities Exchange 

A total of 18,178,000 shares in 1,065 deals, corresponding to a market value of KES 521,842,680.00, were traded.

Compared with the previous NSE trading day (Wednesday, September 15), today’s data shows 46% improvement in volume, 17% improvement in turnover, but 33% decline in deals.

The current market capitalization of the Nairobi Securities Exchange is KES 2.74 trillion.

In the aggregate, 47 NSE equities participated in trading, ending with 15✅ gainers and 20🔻 losers.

Kenya Power & Lighting Company Plc [KPLC] led the gainers with 6.25% share price appreciation closing at✅ KES 1.70 per share, followed by :

✅Nairobi Business Ventures [NBV] (+5.69%)
✅Sanlam Kenya Plc [SLAM] (+4.09%)
✅KenGen Plc [KEGN] (+3.21%).

On the losing side, Olympia Capital Holdings [OCH] came out last with an end-of-day price depreciation of🔻 6.91% at KES 2.02 per share, followed by:

🔻Liberty Holdings Plc [LBTY] (-6.54%)
🔻Uchumi Supermarkets Plc [UCHM] (-4.55%)
🔻 WPP ScanGroup Plc [SCAN] (-2.97%)

Safaricom Plc [SCOM] recorded the highest volume of 9.42 million traded shares, followed by:

➖ Kenya Power & Lighting Company Plc [KPLC] (3.97m)
➖ ILAM Income IREIT [FAHR](1.39m)
➖ Equity Group Holdings Plc [EQTY] (1.21m)

➡️The benchmark NSE All-Share Index [NASI] gained✅ 0.71 points to close at 180.52
➡️The NSE 20 Share Index gained✅ 5.22 points to close at 2051.81
➡️The NSE 25 Share Index gained✅ 15.92 points to close at 3965.48

Bonds & Derivatives on NSE

The derivatives market of the Nairobi Securities Exchange posted a rise in activity with 170 single stock features valued at Kes 6.49 million traded during today’s trading session compared to the 12 single stock features valued at Kes  589,300 traded during the previous trading session.

Trading on the secondary bond market on the Nairobi Securities Exchange posted a decline in today’s trading session, with bonds valued at Kes 6.09 billion transacted in 195 deals compared to the Kes 7.98 billion worth of bonds achieved in 209 deals traded at the close of the previous trading session.

Market Commentary

Kenya power was the leading gainer during today’s trading session with Kes  3.97 million shares traded the usual movement was as a result of the remarks made by the Chief Administrative Secretary (CAS) in the Ministry of Energy Zachary Ayieko that the company will post a profit for the year ended June 2021 on the back of concerted efforts to improve its operations.

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