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The Trading Room: Weekly Market Review – Week 52.

Global & local market indices rallied on the last full week of trading this year. The European stocks wrapped up a holiday-thinned week at record highs on Friday as growing hopes that a Sino-U.S. trade deal would be inked soon, as well as the latest dose of upbeat China data supported prospects of an improving global growth.After a week of highs, the Sterling faced a major low as the region stares at loosing the funding by the United Kingdom that is set to leave the E.U, with Boris Johnson’s conservative party retaining a win two weeks ago, it is now time to close of Brexit.

The December “Santa” rally saw major global indices such as the S&P 500 and the Dow Jones Industrial Average move highest in recent times. DJIA rose by 23.87 points to a record close of 28,645.26. The S&P 500 finished the day just 0.11 point higher at 3,240.02, also a new closing high. However, the Nasdaq Composite slipped 0.1%, or 15.77 points, to 9,006.62, snapping a 11-day winning streak

Listed Stocks on the Nairobi Securities Exchange experienced low activity throughout the three-day trading week, closing lower in volume and turnover as compared to last week. The banking & Telecommunication stock were stable during the week and accounted for 92% of the total market activity. Safaricom & KCB Group Plc shares moved 11.6 Million & 4.98 Million shares during the week as foreign interest was sustained on the bourse. Next week’s activities are expected to be higher with the Fund Managers expected to return to the market from 2nd January and an increased 4 day trading week as Wednesday’s break for New year.

The Nairobi Securities Exchange‘s trading week’s Week on Week (w-o-w) turnover fell by 78.81% to settle at KES 885 Million against last weeks turnover of KES 4.20 Billion with an average daily turnover at 283 Million spread across the three- day trading week against last week’s 735 Million average.

Total, the Market recorded a 80.83% decline in Volumes traded week-on-week, with 23 Million shares exchanging hands against 120 Million shares transacted the previous week. The average daily volume stood at 5.33 Million against last week’s 23 Million with Friday having the highest volume turnover of 5.56 Million shares valued at Kes. 249 Million.

The benchmark NSE All Share Index (NASI) closed Friday at 165.41, representing a week on week gain (W/W) of 3.01%, a 4-week month to month (M/M) gain of 6.39%, and an overall year-to-date (YTD) gain of 17.79%.

The NSE 25 Share Index (NSE25) closed Friday at 4063.15 points, indicating a w/w gain of 2.65%, a M/M gain of 3.69%, and an overall year-to-date (YTD) gain of 14.40%.

The NSE 20 share Index (NSE20) closed at 2646.14 points; indicating a week- on-week gain of 2.84%, a 4-week month to month (M/M) loss of 1.05% and a Year to date (YTD) loss of 6.62%.

The NSE 20 Share Index performance year to date.

NSE’s Derivatives Market (NEXT) closed the week with no activity. The previous week, the derivatives market closed with 46 contracts transacted valued at Kes 1.8 Million.

The secondary Bond market at the NSE recorded reduced market activity with 3.5 Billion worth of bonds transacting as compared to last week’s value of 5.6 Billion.

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