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NSE Weekly Market Review – Week 39, 2020

The Nairobi Securities Exchange closed this week cumulatively on a bullish note. The benchmark All-Share Index and the NSE (NASI) added 0.13 points during the trading week to close at 140.37, representing a 1-week gain of 0.09%, a 4-week gain of 1.17%, but an overall year-to-date loss of 15.65%.

The NSE 20 share index added 0.22 points or 0.01% to close Friday at 1,847.63 points, the NSE25 share index similarly posted gains, adding 3.61 points or 0.11% from last week’s close to stand at 3,242.38. The NSE 20 and the NSE25 Year to date performances stand at a negative of  30.39% & 20.93% respectively.

During the week total of 122 million shares valued at Kes 3.4 billion exchanged hands on the bourse. This is a decline as compared to to the 176 million shares valued at Kes 5.0 billion that exchanged hands in the previous trading week.

The Banking was the most active sector, with shares worth Kes.1.7 Billion transacted which accounted for 50.79% of the week’s traded value. Equity Group Holdings Plc led the movers in the banks, with 35 million shares valued at Kes.1.2 billion changing hands at between Kes.35.45 and Kes.37.00. KCB Group came in second, moving 7.6 million shares valued at Kes.291 million traded and adding 2.64% in share price value to Kes.38.90.

Safaricom Plc was the most traded company by turnover, leading the activity chart with 47.8 million shares valued at Kes 1.4 billion traded; contributing 41.78 % and 39.18% to the total equity turnover and volumes traded in the week, respectively.

During the week, Unga group Plc released their results, posting a decline in overall revenue.

The NSE 20 Share index one year performance chart

The Derivatives Market of the NSE closed the week with a total of 19 contracts valued at Kes.596,000. concluded in this week’s trading session while the secondary trading on the bond market saw a decline in activity with bonds valued at Kes.12.0 billion billion achieved against the Kes 15.5 billion achieved in the previous week.

The Kenya Shilling remained relatively stable against major international and regional currencies during the week ending September 24. It exchanged at KSh 108.41 per US dollar on September 24 compared to KSh 108.38 per US dollar on September 17