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NSE Weekly Market Review – Week 14, 2021

The Nairobi Securities Exchange (NSE) recorded a decline in activity during the short trading week on resumption from the long Easter break. Major blue-chip counters pared gains made during the previous week at close of deadline of companies releasing their books of accounts for the financial year ended 31st December, 2020.

The benchmark All share index of the Nairobi Securities Exchange closed the week lower, shedding 2.09 points to settle at 158.59 points. This represented a 1-week decline of 1.30%,  a 4-week loss of 2.53%, but an overall year-to-date gain of 4.26%.

The NSE 20 share and the NSE 25 share indices were similarly lower, dropping by 4.32 points or 0.23 and 41.34 points or 1.16% to close the week at 1,868.76 and 3,518.06 points respectively. The NSE 20 and the NSE25 share indices have gained up-to 0.02% and 3.01% respectively in year to date performance.

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The NSE 20 Share Index one year chart performance.

The bourse’s weekly turnover posted a decline this week, with the turnover declining by 35.26% to Kes 2.06 billion from the 3.18 billion transacted the previous week. Similarly, the volume of shares exchanging hands on the exchange decreased by 27.33% to 62.24 million from the 85.65 million posted the previous week.

Safaricom Plc maintained the position of the top trader during the week accounting for a whooping 67.53% of the week’s traded value. The counter had shares valued at Kes.1.3 billion transacted. Safaricom shed 2.02% in share price activity, closing the week at Kes 36.30 per share from the Kes 37.05 per share posted in the previous trading week.

The Banking Sector came in second with shares valued at  Kes.318 million transacted, an equivalent of 15.49% of the week’s traded value. KCB Group Plc declined in share price by 2.68% to close the week at Kes.40.00 per share and had 3.5 million shares worth Kes.142 million transacted. Bank of Kigali Group Plc, the week’s top gainer recorded a 18.52% gain to close the week at Kes.24.00 per share, moving shares worth Kes.42 million on the bourse.

Transcentury Plc was the week’s top looser on the Nairobi Securities Exchange (NSE), shedding 14.17% in share price activity to close the week at Kes 1.03 per share from the Kes 1.20 per share posted in the previous week. Notably on the losers space was East African Portland Cement Company Plc, which extended it’s long declined during the week to close at Kes 8.10 per share from last week’s Kes 9.00 per share.

East African Breweries Plc was up 3.64% to close the week at Kes.163.75 per share, with shares valued at Kes 1.6 million shares valued at Kes.258 million exchanging ownership on the bourse. B.A.T Kenya Plc, one of the NSE’s most priced shares had 33,000 shares valued at Kes.15.8 million traded on the bourse and closed the week at Kes.470.50 per share.

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East African Breweries Plc, one year technical chart.
NSE Bonds & Derivatives

The Derivatives Market of the Nairobi Securities Exchange closed the week with a total of 76 contracts valued at Kes. 3.5 million transacted, this was a notable decline in transaction value from the 89 contracts valued at Kes.10.6 million posted in the preceding week.

Trading on the secondary bond market at the Nairobi Securities Exchange posted a whooping 67.17% decline in activity with Kes.3.82 billion worth of bonds traded against the Kes 11.63 billion worth of bonds transacted in the previous week.