The Nairobi Securities Exchange (NSE) posted a mixed performance in week 21, with the NASI and NSE 10 recording gains, while the NSE 20, NSE 25, and the Banking sector index closing in the red.
The benchmark, the Nairobi All Share Index (NASI) closed the week at 206.21 points, up 0.30% from 205.6 points recorded in the preceding week. The NSE 10 index rose by 0.82% to 2,162.86 points, while the NSE 20 declined by 1.0% to 3,488.45 points. The NSE 25 and the Banking Sector Index declined by 0.02% and 0.76%, respectively.
Trading activity weakened during the week, with the volume of shares traded falling by 21.6% to 73.4 million. Consequently, equity turnover decreased by 11.7% to KES 2.7 billion, compared to KES 3.1 billion in the prior week. Market capitalization edged higher by 0.3% to KES 3.4 trillion, signaling improved investor sentiment.
Local investors dominated the market, accounting for KES 1.8 billion in total turnover, translating to 66.7% total market activity. Meanwhile, foreign investors recorded a turnover of KES 910.8 million, equivalent to 33.3% of the total market activity.
Foreign investors remained bearish, recording net outflows of KES 245 million amid concerns that the market could come under pressure from rising inflationary risks.
NSE Top Gainers and Losers
BOC Kenya topped the gainers chart, after rising by 7.5%, followed by Kakuzi Limited, which rose by 6.1%. TPS EA Serena gained 6.0%, while Kapchorua Tea rose by 5.8%. Africa Mega Agricorp winded the list, advancing by 3.9%.
On the downside, Rwanda-based lender BK Group Plc recorded the steepest decline, losing 14.8%. Uchumi Supermarkets dropped by 8.7%, while Sasini Plc fell by 8.6%. Stanbic Holdings lost 6.8%, while NSE PLC edged lower by 6.1%.
Equity Group Dominates
Equity Group Holdings dominated the market, recording a turnover of KES 899 million, equivalent to 32.9% of the market’s total turnover. Other actively traded counters included KCB Group, Safaricom Plc, NCBA Group, and Absa Bank Kenya. The counters posted turnovers of KES 324.6 million, KES 323.4 million, KES 290.3 million, and KES 221.1 million, respectively.
The fixed income segment lost momentum, with bonds turnover plummeting 28.2% to KES 29.5 billion from KES 41.0 billion recorded in the previous week. The Bond Index also trended downward, closing at 1,158.24 points from 1,163.00 points.
Activity on the NEXT Derivatives Market ticked upwards. Trading volumes rose by 7.3% to 3.295 contracts compared to 3.072 in the previous week. Despite the rise in activity, total turnover declined sharply by 32.7% to KES 8.0 million.
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