Market ReportMarket Report; 19 August 2021

The Nairobi Securities Exchange, Westlands, Nairobi Kenya

At the end of Thursday’s trading session on the Nairobi Securities Exchange (NSE).

A total of 28,493,200 shares in 1,099 deals, corresponding to a market value of KES 1,248,341,612.00, were traded.

Compared with the previous NSE trading day (Wednesday, August 18), today’s data shows 131% improvement in volume, 101% improvement in turnover, but 26% decline in deals.

The current market capitalization of the Nairobi Securities Exchange is KES 2.8 trillion.

In the aggregate, 45 NSE equities participated in trading, ending with 22 gainers and 15 losers.

Unga Group Plc [UNGA] led the gainers with ✅9.17% share price appreciation closing at KES 32.75 per share, followed by:

✅Standard Group Plc [SGL] (+8.61%)
✅Uchumi Supermarket Plc [UCHM] (+8.33%)
✅Eveready East Africa Plc [EVRD] (+7.00%).

On the losing side, Kakuzi Plc [KUKZ] came out last with an end-of-day price depreciation of 🔻7.95% at KES 382.00 per share, followed by:

🔻CIC Insurance Group Plc [CIC] (-6.29%)
🔻Trans Century Plc [TCL] (-3.88%)
🔻TPS Eastern Africa Plc [TPSE] (-3.36%).

Safaricom Plc [SCOM] recorded the highest volume of 25.5 million traded shares, followed by:

➖Equity Group Holdings Plc [EQTY] (1.14m)
➖KCB Group Plc [KCB] (501,700)
➖Kenya Re-Insurance Corporation [KNRE] (241,500).

➡️The benchmark NSE All Share Index [NASI] declined 🔻1.46 points to close at 184.47

➡️The NSE 20 Share Index gained ✅5.00 points to close at 2005.77

➡️The NSE 25 Share Index declined 🔻39.40 points to close at 4028.92

NSE 20 tradingview
The 20 Share Index of the Nairbi Securities Exchange.
Bonds & Derivatives on NSE

There was a slump in activity in the derivatives market of the Nairobi Securities Exchange with 3 single stock features valued at Kes 143,500 traded during today’s session compared to 29 single stock features valued at Kes 1.14 million tradings during yesterday’s trading session 

Trading on the secondary bond market on the Nairobi Securities Exchange was however on the rise in today’s trading session, with bonds valued at Kes 5.84 billion transacted in 101 deals as compared to the Kes 4.46 billion worth of bonds achieved in  73 deals traded at the close of  Wednesday’s trading session.

Market Commentary

The most watched blue-chips were trading lower on the market, this could possibly be a correction on the exchange after days of rallying. The 20 share index is now well above the psychological benchmark of 2,000 basis points which is a great part for investors. The decline in global markets is definitely posing an opportunity to emerging markets such as the Nairobi Securities Exchange.

KCB Group Plc was a major watch for the day, shedding in share price performance, even after the company released above analyst estimate results, KCB posted a 102% growth in half-year returns. Read more on KCB results here.

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