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NSE Weekly Market Review – Week 05, 2021

Backed by a slight rise in stock prices, the market capitalization of the Nairobi Securities Exchange (NSE) posted a rise this week to Kes 2.41 Trillion from the Kes 2.39 Trillion recorded in the previous week. This was backed by the price gain of East African Breweries Plc and the downside resistance of Safaricom Plc and  the major banking counters.

The overall market activity was up, with the equity turnover increasing by 24.25% to Kes.3.13 billion from the Kes.2.52  billion posted in the preceding week. Total number of shares traded on the exchange for the week stood at  109.29 million, a 23.8% increase as compared to the 88.28 Million shares recorded in the previous week.

NSE Index Performance

The benchmark NSE All share index (NASI) maintained an upwards trajectory, adding 1.52 points or 0.98% in weekly gains to close Friday at 157.11 points. This represented a 4-week gain of 1.90%, and an overall year-to-date gain of 3.29%.

The NSE20  share index continued a shedding spree, loosing 15.98 points or 0.85% while the NSE25 share index was up by 42.97 points or 1.25% to close the week at 1,865.93 and 3,477.49 points respectively. The NSE 20 share index has lost 0.13% while the NSE25 share index has gained up-to 1.82% year to date performance.

Safaricom maintained the week’s top performing spot, touching an all time high of Kes.37.20 during the week before easing down to close Friday at Kes.36.20. Safaricom had with shares worth Kes.1.5 billion transacted, representing 49.72% of the week’s traded value.

The Banking Sector cumulatively came in second with shares worth Kes.1.3 billion transacted; translating to 42.38% of the week’s traded value. KCB Group Plc rose by 3.35% to Kes.37.05, up from Kes.35.85 registered the previous week with shares worth Kes.684 million transacted. Equity Group Holdings up 2.05% to Kes.37.25 with 11.6 million shares worth Kes.434 million transacted.

East African Breweries Plc turned to become the top gainer this week, adding 10.35% in shareholder wealth to close the week at a price of Kes 165.25 per share while Nation Media Group Plc came in as the week’s top looser, shedding 12.75% in share price performance to close the week at Kes 13.00 per share.

NSE 20
The NSE 20 Share index one year performance chart
NSE Bonds & Derivatives

The Derivatives Market of the Nairobi Securities Exchange closed the week with a total of 106 contracts valued at Kes. 2.5 million transacted, this was a drop in transaction value from the 67 contracts valued at Kes.6.5 million posted in the preceding week.

Trading on the secondary bond market at the Nairobi Securities Exchange posted a 36.51% rise in activity with Kes.22.18 billion worth of bonds traded against the Kes 34.94 billion worth of bonds transacted in the previous week.