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NSE Weekly Market Review – Week 27, 2021

The market capitalization of the Nairobi Securities Exchange (NSE) posted a 1% rise this week to Kes 2.73 Trillion from the Kes 2.70 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 57.99% of the total market activity on the exchange. Local investors on the NSE focused mainly Safaricom Plc, Equity Group Holdings Plc and East African Breweries Plc.

Turnover on the bourse rose by 5.96% Kes 2.71 billion from last week’s Kes 2.56 billion. The volume of shares traded at the exchange was however down, posting a 6.88% decline to close the week with 83.13 million shares exchanging hands as compared to the 89.33 million traded in the previous week.

The benchmark all share index of the Nairobi Securities Exchange (NASI) was on the uptrend this week, gaining 1.0% week on week to close the week at 175.22 points. This NASI now stands at 15.19% in year to date performance.

NSE 25
The NSE 25 Share Index, one year technical performance chart

The NSE 20 and the NSE 25 share indices were similarly on the positive edge, with the 20 share index gaining 22.99 points or 1.19% and the 25 share index gaining 83.83 points or 2.22 to close the week at 1951.41.points and 3865.03 basis points respectively. The NSE 20 and the NSE25 share indices have gained up-to 4.44% and 13.17% respectively in year to date performance.

Safaricom Plc emerged as the week’s top counter on the Nairobi Securities Exchange, with 25 million shares valued at Kes 1 Billion transacted, Safaricom shares traded at between Kes 41.00 and Kes 42.00 per share during the week.

The Banking Sector came in second overall, with shares worth Kes.872 million transacted which accounted for 32.23% of the week’s traded value. Equity Group Holdings Plc had shares worth Kes.424 million transacted. The company saw the shares price gain by 4.93% to Kes.49.00 per share up from Kes.46.70 posted in the previous week with . KCB Group Plc was up 7.06% in share price activity to Kes.45.50 moved 3 million shares valued at Kes.145 million.

The Manufacturing & Allied Sector had shares worth Kes.582 million transacted an equivalent of 21.49% of the week’s traded value. East African Breweries Plc was the top mover in this sector with 2.7 million shares valued at Kes.511 million transacted, the brewer’s shares closed the week 3.59% to Kes.187.50.

CIC Insurance Group Plc closed the week 41.25% higher to Kes.3.39 per share with while Crown Paints Plc continued to be the top looser, shedding 26.74% to emerge as the week’s top laggard at Kes 26.30 per share.

NSE Cic
CIC Insurance Group Plc, one year technical performance chart
NSE Weekly Bonds & Derivatives Overview

The Derivatives Market of the Nairobi Securities Exchange closed the week with a total of 148 contracts valued at Kes. 4.6 million transacted, this was a modest gain in turnover on the NEXT as compared to the 140 contracts valued at Kes. 4.5 million posted in the preceding week.

Trading on the secondary bond market at the Nairobi Securities Exchange posted a 7.13% decline in activity with Kes.22.14 billion worth of bonds traded against the Kes 23.84 billion worth of bonds transacted in the previous week.