NSE Weekly Market Review – Week 26, 2021
The market capitalization of the Nairobi Securities Exchange (NSE) posted a 1.1% rise this week to Kes 2.70 Trillion from the Kes 2.672 Trillion recorded in the previous week. The market saw a stable rise in major counters with a decline in level of share price decline on the losers side.
Activity of the Nairobi Securities Exchange (NSE) rose during the week as foreign investors continued dominating trading on the exchange, accounting for 52.52% of the total market activity on the exchange. Local investors on the NSE focused mainly Centum Investment Company and Standard Chartered Bank Kenya, while foreigners spread out on Nation Media Group, Safaricom Plc and a few banking stocks.
Equity turnover on the bourse dropped 24.15% Kes 2.56 billion from last week’s Kes 3.37 billion. The volume of shares traded at the exchange similarly posted a 20.33% decline to close the week with 89.33 million shares exchanging hands as compared to the 112.12 million traded in the previous week.
The benchmark all share index of the Nairobi Securities Exchange (NASI) was on the decline this week, shedding 0.24% week on week to close the week at 171.21 points. This NASI now stands at 12.56% in year to date performance.
The NSE 20 and the NSE 25 share indices were however on the positive edge, with the 20 share index gaining 29.31 points or 1.54% and the 25 share index gaining 32.01 points or 0.85% to close the week at 1928.42 points and 3781.20 basis points respectively. The NSE 20 and the NSE25 share indices have gained up-to 3.21% and 10.72% respectively in year to date performance.
Safaricom Plc emerged as the week’s top counter on the Nairobi Securities Exchange, gaining by 1.47% to Kes.41.35, up from Kes.40.75 registered the previous week. The telco had shares worth Kes.1.2 billion transacted representing 47.66% of the weeks traded value.
The Banking Sector came in second overall, with shares worth Kes.812 million transacted which accounted for 31.77% of the week’s traded value. Equity Group Holdings Plc had 8 million shares valued at Kes.374 million transacted and closed the week at Kes.46.70 per share. KCB Group Plc declined by 3.08% in share price action to Kes.42.50, down from Kes.43.85 per share registered the previous week with shares worth Kes.167M transacted.
Nation Media Group Plc closed the week 8.46% higher to Kes.25.00 per share with 9.8 million shares valued at Kes.246 million. Nairobi Business Ventures recorded a 44.48% gain to close the week at Kes.12.05 with shares worth Kes.4 million transacted while Crown Paints Plc was the week’s top laggard, posting a 10.25% share price decline to close the week at Kes 35.90 per share.
NSE Weekly Bonds & Derivatives Overview
The Derivatives Market of the Nairobi Securities Exchange closed the week with a total of 140 contracts valued at Kes. 4.5 million transacted, this was a decline in turnover on the NEXT as compared to the 164 contracts valued at Kes. 6.58 million posted in the preceding week.
Trading on the secondary bond market at the Nairobi Securities Exchange posted a 27.9% growth in activity with Kes.23.84 billion worth of bonds traded against the Kes 33.06 billion worth of bonds transacted in the previous week.