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NSE Weekly Market Review – Week 16, 2021

Market activity on the Nairobi Securities exchange (NSE) posted positive gains during the week, even as investors cautiously traded on volatility of global markets and increasing data growing numbers of the coronavirus infections in Japan and India. Foreign investors held majority position in trading this week, accounting for 57.70% of the week’s total trading activity. Foreign activity was high on the main blue-chip counters.

Total Market Volume for the week stood at 74.87 million shares, a 15.47% rise in gain as compared to the volume of 64.84 million shares transacted in the previous week. The market capitalization of the NSE posted a marginal gain of 0.32% at Kes 2.54 trillion from the 2.53 trillion posted the previous week, attributed to the share price gain Bamburi Plc.

The benchmark NSE All Share Index (NASI) closed Friday at 165.61, representing a week on week (W/W) gain of 0.32%, a 4-week month to month (M/M) loss of 1.98% and an overall year-to-date (YTD) gain of 8.88%. The NSE20  share index shed 5.29 points or 0.28% while the NSE25 share index was up by 0.13 points or 0.07% to close the week at 1,888.25and 3,635.87points respectively.

The NSE 20 and the NSE25 share indices have gained up-to 1.06% and 6.46% respectively in year to date performance.

The Banking Sector emerged the top in turnover, shares worth Kes.1.1 billion transacted which accounted for 49.71% of the week’s traded value. Equity Group Holdings Plc moved 13 million shares valued at Kes.517 million and closed the week at Kes.39.10 per share. KCB Group Plc down 0.95% to Kes.41.60 moved 8.5 million shares valued at Kes.360 million. NCBA Group Plc closed the week 7.28% lower to Kes.24.85 per share on a volume of 4 million shares valued at Kes.110 million.

The telecommunications sector came in second, accounting for 35.21% of the week’s traded value with Safaricom rising by 1.04% to close the week at Kes.38.80 per share, up from Kes.38.40 registered the previous week. The company had shares worth Kes.849 million transacted.

NSE
Equity Group Holdings Plc, One year performance chart

TPS Eastern Africa (Serena) Plc was the week’s top looser on the Nairobi Securities Exchange (NSE), shedding 9.41% in share price activity to close the week at Kes 15.40 per share from the Kes 17.00 per share posted in the previous week. Notably on the gainers space was Uchumi Supermarkets Plc, gaining from one of the previous week’s top losers, with 14.29% in share price appreciation to close the week at Kes 0.24 per share.

NSE Bonds & Derivatives

The Derivatives Market of the Nairobi Securities Exchange closed the week with a total of 210 contracts valued at Kes. 8.2 million transacted, this was a notable decline in transaction value from the 116 contracts valued at Kes.1.2 million posted in the preceding week.

Trading on the secondary bond market at the Nairobi Securities Exchange posted a 34.66% decline in activity with Kes.17.85 billion worth of bonds traded against the Kes 27.32 billion worth of bonds transacted in the previous week.