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NSE Weekly Market Review – Week 45, 2020

The Nairobi Securities Exchange ended the week higher backed by increased activities on stocks across board, with the benchmark NSE All share index (NASI) gaining 1.28 points or 0.91% to close the trading week at 141.32 points. This represented a 4-week gain of 1.22%, but an overall year-to-date performance of -15.08%.

The NSE 20 share index was down 14.14 points or 0.79% to close Friday at 1,769.54 points, while NSE25 share index added 29.54 points or 0.93% from last week’s close to stand at 3,200.41. The NSE 20 and the NSE25 share indices have shed up-to 33.34% and 21.95% respectively in year to date performance

Market capitalization of the NSE was at higher, posting an 0.92% rise to Kes.2.17 trillion against the previous week’s closing valuation of Kes 2.15 trillion, backed by the increase in prices of the major counters in the banking sector and increased activity on Safaricom Plc.

The banking sector was the most active sector during the week, with shares worth Kes.1.3 billion transacted, accounting for 43.30% of the week’s traded value. KCB Group shed 1.25% in price action, closing the week at Kes.35.60 per share, from the Kes.36.05 registered the previous week. KCB had  shares valued at Kes.891 million transacted. Equity Group Holdings was however up, adding 3.24% in value to Kes.35.00 with 11 million shares valued at Kes.386 million exchanging ownership on the bourse.

The telecommunications sector was second in activity with Safaricom moving 41.8 million shares valued at Kes.1.3 billion, representing 41.60% of the week’s total traded value. In terms of price action, Safaricom was up 1.46% to close the week to close the week at Kes.31.30 per share as investors geared up for the telco’s results set to be released on Monday, November 9th.

The NSE 20 Share index one year performance chart

The Derivatives Market of the Nairobi Securities Exchange closed the week higher, with a total of 17 contracts valued at Kes.534,000 concluded as compared to the 7 contracts valued at Kes.239,000 concluded in the previous week.

Secondary trading on the bond Market saw a decline in activity with bonds worth Kes.7.5 billion traded compared to Kes.12Bn registered the previous week.