The Nairobi Securities Exchange (NSE) ended the week higher as stocks generally gained across board. The major blue-chip counters on the exchange such as Stanbic Plc, ABSA and NCBA continued to gain while the performance was brought down by losses from large cap stocks such as SCBK.
The market capitalization posted a 0.34% rise this week to Kes 2.812 trillion from the Kes 2.78 trillion recorded in the previous week. The market saw a stable rise in major counters with a lower decline in the level of share price decline on the losers side.
The overall activity of the Nairobi Securities Exchange (NSE) rose during the week as local investors dominated trading on the exchange, accounting for 64.33% of the total market activity on the exchange.
NSE Equities Performance
Equity turnover on the bourse increased by 64.34% Kes 2.101 billion from last week’s Kes 1.49 billion. The volume of shares traded at the exchange similarly posted a 142.08% growth to close the week with 110.51 million shares exchanging hands as compared to the 45.65 million traded in the previous week.
The benchmark all share index of the Nairobi Securities Exchange (NASI) was on the gain this week, adding 0.34% week on week to close the week at 178.5 points. This NASI now stands at 19.11% in terms of year to date performance.
The NSE 20 and the NSE 25 share indices also gained this week, with the 20 share index gaining 52.32 points or 1.76% while the 25 share index gaining 34.26 points or 0.74% to close the week at 3030.95 points and 4668.95 basis points respectively. The NSE 10 share index has also gained up to 0.10% in wek on week performance.
Williamson Tea Kenya Plc was the week’s top gainer, and closed the week 31.22% higher to Kes.325.75. Other top gainers include Car and General, Olympic Capital Holdings, Kapchorua Tea and Umeme Limited.
Unga Group led the losers this week, shedding 5.57% lower to Kes. 22.90 from Kes.24.25 posted last week. Other losers include Nation Media Group, Sameer Africa, HF Group and Cooperative Bank of Kenya.
Bonds and Derivatives Market
The Derivatives market of Nairobi securities exchange closed the week with a total of 3,421 contracts valued at KES 8.2 million transacted, this was a 6.7% decline in turnover on the NEXT as compared to the 660 contracts valued at KES 8.8 million posted in the preceding week.
Trading on the secondary bond market at the Nairobi Securities Exchange posted a 26.06% decrease in activity with 42.335 billion worth of bonds traded against the Kes 57.260 billion worth of bonds transacted in the previous week.
