NSE Nairobi Securities Exchange

NSE Weekly Market Review – Week 21, 2021

The Nairobi Securities exchange (NSE) was on a gaining streak this week as investors continued to roam the bourse, following growing positive sentiments from the banks first quarter results and optimism for over a recovering global economy which has been hit over the past one and a half years by regulatory concerns and worries over the rising figures of the coronavirus pandemic.

The benchmark NSE All share index (NASI) added 6.93 to close the trading week at 172.69 points. This represented a 1-week gain of 4.18%, a one month gain of 2.07% and an overall year-to-date gain of 13.53%. The NSE 20 share index and the NSE 25 share index were similarly on the positive edge, adding 3.28 points or 0.33% and 126.26 points or 3.52% to close the week at 1,862.15 and 3,712.70 respectively.

The NSE 20 has shed 0.33% while the NSE25 has gained up-to 8.71% respectively in year to date performance.

NSE Safaricom
Safaricom Plc, one year technical performance chart

Equity turnover on the exchange was up 57.02% at Kes 4.99 billion compared to last week’s turnover of Kes 3.18 billion. Volume of shares exchanging hands on the exchange similarly took-off, posting a 32.34% rise, with 123.3 million shares exchanging hands as compared to the 93.2 million shares transacted the previous week.

The market capitalization of the Nairobi Securities Exchange posted a 4.18% growth during the week at Kes 2.69 trillion from the 2.58 trillion posted the previous week.

Safaricom continued to dominate the market, lading in volumes and turnover, by accounting for 52.09% of the week’s traded value, with 62 million shares valued at Kes 2.59 billion transacted. Safaricom’s share price experienced a slight volatility during the week, trading at a high of Kes 43.45 and a low of Kes 39.25 per share.

NSE Safaricom

The Banking Sector of the Nairobi Securities Exchange came in second in activity with shares worth Kes.1.45 billion transacted, this accounted for 29.07% of the week’s traded value. In terms of single stock performance, KCB Group Plc rose by 3.41% to Kes.42.40 per share, up from Kes.41.00 registered the previous session with shares worth Kes.665 million transacted. Equity Group Holdings Plc was up 3.61% to Kes.43.00 moved 14 million shares valued at Kes.623 million transacted.

BOC Kenya Plc was the top gainer on the bourse during the week, giving investors returns of 10.26% during the week to close the week at Kes 75.25 per share from the Kes 68.25 per share the counter posted last week. on the losers’ side, East African Cables Plc was the week’s top looser, continuing a shedding streak, was down 11.85% at Kes 1.19 per share from the Kes 1.35 the counter posted last week.

NSE Bonds & Derivatives

The Derivatives Market of the Nairobi Securities Exchange closed the week with a total of 311 contracts valued at Kes. 12 million transacted, this was a decline in transaction value from the 271 contracts valued at Kes.9.8 million posted in the preceding week.

Trading on the secondary bond market at the Nairobi Securities Exchange posted a 61.82 % rise in activity with Kes.36.23 billion worth of bonds traded against the Kes 22.39 billion worth of bonds transacted in the previous week.

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