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NSE Weekly Market Review – Week 11, 2021

The benchmark all share index of the Nairobi Securities Exchange [NASI] gained by 3% during the week to close the week at 166.94 from last week’s close of 162.08 basis points.

The NSE20 and the NSE25 share indices edged higher, gaining 0.55 % and 2.58 % to close the week at 1,933.60 and 3,711.22 points respectively. The NSE20 and the NSE25 share indices have shed up to 49.83% and 25.26% in the year to date performance respectively.

Turnover of the equities market decreased by 47.75% to Kes.1.70 million from the Kes.3.25 million achieved in the preceding week.  Volumes traded on the exchange similarly decreased by 39.83%, with 57.66 million shares exchanged hands as compared to 95.83 million shares traded in the previous week.

Safaricom regained the weekly top feature, rose by 4.04% to Kes.37.10, up from Kes.31.90 registered the previous week with shares valued at Kes.778 million transacted; this represented 45.88% of the week’s traded value.

The banking sector had shares worth Kes.504 million transacted accounting for 29.77% of the week’s traded value. Equity Group Holdings Plc rose by 4.13% to Kes.41.65, up from Kes.35.40 registered the previous week with shares worth Kes.6 million transacted. KCB Group gained 3.50% to Kes.41.35 with shares worth Kes 155 million transacted

Market Capitalization closed the week at kes. 2.57 billion a 3% rise from last week’s Kes. 2.49 billion.

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Trading on the secondary bond market at the Nairobi Securities Exchange saw a decline in activity with bonds, posting a 25.30% decline in turnover at Kes.11,139.07 million worth of bonds traded against the Kes14,912.19 million worth of bonds transacted in the previous week.