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NSE Weekly Market Review – Week 43, 2020

The Nairobi Securities Exchange was mixed during the week, affected by local and international economic data. The benchmark NSE All share index (NASI) was up 1.56 points or 1.12% to close the  trading week at 141.21 points. This represented a 4-week gain of 1.07%, but an overall year-to-date performance loss of -15.14%.

The NSE 20 share index was down 11.84 points or 0.82% to close Friday at 1,799.29 points, the  NSE25 share index was however up, adding 3.76 points or 0.12% from last week’s close to stand at 3,216.66. The NSE 20 and the NSE25 share indices have shed up-to 32.21% and 21.56% respectively in year to date performance.

The bourse’s posted a moderate decline in turnover, shedding 0.1% to KES 1.30 billion from the 1.31 billion transacted the previous week. The volume of shares exchanging hands on the exchange declined by 18.1% to 42 million from the 52.0 million posted the previous week.

Safaricom continued to rally through the week, posting a 2.82% gain to Kes.30.95, up from the Kes.30.10 posted a week earlier. Safaricom’s trade accounted for 54.69% of the week’s traded value.

The Banking Sector came in second in activity with shares worth Kes.405M transacted, accounting for 30.68% of the week’s traded value. KCB Group Plc moved 6.9 million shares valued at Kes.256 million at a fairly stable price of Kes.37.05. Equity Group Holdings Plc was down 1.72% during the week to Kes.34.35, moving 3.7 million shares valued at Kes.129 million. Co-operative Bank was equally down, shedding 3.39% to Kes.11.40 with shares worth Kes.6.2 million transacted.

The NSE 20 Share index one year performance chart

The Derivatives Market of the NSE closed the week with a total of 8 contracts valued at Kes.279,000 concluded on the NSE while the secondary bond market on the Nairobi Securities Exchange closed the week with bonds worth Kes.13.0 billion transacted compared to Kes.12.3 billion registered the previous week, showing signs of maintained increased investor appetite on fixed income securities.