NSE Nairobi Securities Exchange

NSE Weekly Market Review – Week 15, 2021

The Nairobi Securities Exchange (NSE) closed positive during the week, backed by local and international economic data coming from China and earnings release by listed banks on the U.S Exchanges and also as investors on most blue-chip companies tried to get a a balance on the higher edge from last week’s decline.

The benchmark All share index of the Nairobi Securities Exchange (NASI) was up 6.49 points or 4.09% to close the  trading week at 165.08 points. This represented a a 4-week gain of 1.07%, and an overall year-to-date gain of 8.53%.

The NSE 20 share index and the NSE25 share indices were up  by 14.20 points or 0.76% and 117.68 or 3.35% to close Friday at 1,882.96 points and 3,635.75 points respectively. The NSE 20 and the NSE25 share indices have shed up-to 0.78% and 6.46% respectively in year to date performance.

The NSE20 share Index, one year performance chart

Equity turnover on the market increased by 13.88% to Kes.2.34 billion from Kes.2.06 billion posted in the preceding week. The volume of shares exchanging hands on the exchange increased by 4.18% to 64.8 million from the 62.2 million transacted the previous week.

The telecommunications sector led in activity, with Safaricom Plc having shares valued at Kes 1.2 Billion exchanging hands during the week. This was an equivalent of 51.23% of the week’s traded value. Safaricom rose by 5.79% in share price activity, to close the week at Kes.38.40 per share, up from Kes.36.30 registered the previous week.

The Banking Sector came in second with shares worth Kes.558 million transacted, an equivalent of 23.81% of the week’s traded value. KCB Group Plc closed the week 5.00% higher to Kes.42.00 per share and had 4.4 million shares valued at Kes.186 million transacted. Equity Group Holdings Plc  was similarly up, gaining 3.05% in share price to Kes.38.85. Equity moved 3.6 million shares valued at Kes.137 million.

KCB Group Plc, one year technical chart

Transcentury Plc had a turnaround, emerging as the week’s top gainer on the Nairobi Securities Exchange (NSE), adding 18.45% in share price activity to close the week at Kes 1.22 per share from the Kes 1.03 per share posted in the previous week. Car & General (Kenya) Plc was the week’s top looser, shedding 10.00% in share price loss, closing the week at Kes 21.60 per share from last week’s close of Kes 24.00.

NSE Bonds & Derivatives

The Derivatives Market of the Nairobi Securities Exchange closed the week with a total of 116 contracts valued at Kes. 4.2 million transacted, this was a rise in transaction value from the 76 contracts valued at Kes.3.5 million posted in the preceding week.

Trading on the secondary bond market at the Nairobi Securities Exchange posted a whooping 615.32% rise in activity as investors resumed secondary trading after last week’s primary bond issuance with Kes.27.32 billion worth of bonds traded against the Kes 3.82 billion worth of bonds transacted in the previous week.

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