In Global Markets,Gold prices rose and stocks on Wall Street slipped after China warned on Thursday it would take “firm counter measures” against U.S. President Donald Trump’s decision to ratify a bill backing protesters in Hong Kong.
MSCI’s all-country world index, which tracks shares in 49 countries, shed 0.48%, or about 4 points lower than a record peak of 550.63 it established in January 2018. The MSCI world index has climbed 2.3% this month, its third straight month of gains, helped in part by hopes the world’s two biggest economies are moving toward a resolution. The trade war has roiled financial markets and disrupted supply chains.
During the week, Diamond Trust Bank – Kenya HF Group Plc,Centum Plc, I&M Holdings Plc, Williamson Tea Kenya Plc & Kapchorua Plc released their results with the banking sector stocks having an average industry performance. Kenya Power & Lighting Company Plc and Kengen Plc issued a second notice, informing shareholders of the delay to release their Full Year results as the two firms have to wait for the appointment of an Auditor General.
Listed Stocks on the Nairobi Securities Exchange experienced moderate activity through out the week, closing higher as compared to last week. The market was excited with Centum’s earnings as well as increased foreign interest in Safaricom and Equity Group. The next week’s activities could be lower as well as show maintained stability as we get into the low trading period of December.
The Nairobi Securities Exchange‘s trading week. Week on Week (w-o-w) turnover rose by 28% to settle at KES 3.2 Billion against last weeks turnover of KES 2.5 Billion with an average daily turnover at 562 Million spread across the 5 day trading week against last week’s 420 Million.
Total Market Volume for the week stood at 82 Million shares against a volume of 77 Million shares transacted the previous week. The average daily volume stood at 18.7 Million against last week’s 12.3 Million with Friday having the highest volume turnover of 35 Million shares.
The benchmark NSE All Share Index (NASI) closed Friday at 157.93, representing a week on week gain (W/W) of 2.00%, a 4-week month to month (M/M) loss of 3.91%, and an overall year-to-date (YTD) gain of 12.46%.
The NSE 25 Share Index (NSE25) closed Friday at 3918.48 points, which represented a w/w gain of 1.97%, a M/M gain of 7.57%, and an overall year-to-date (YTD) gain of 10.33%.
The NSE 20 share Index (NSE20) closed at 2618.62 points; indicating a week on week stability at 0.01%, a 4-week month to month (M/M) gain of 3.61% and a Year to date (YTD) loss of 7.59%.
NSE’s Derivatives Market (NEXT) closed the week with a total of 12 contracts transacted valued at Kes 923,000, indicating an increase in activities in value & activity as compared to the previous week of 6 contracts valued at Kes 164,000.
The NSE Bond market recorded increased activity with 12 Billion worth of bonds transacting as compared to last week’s value of 7Billion.
