The Banking Sector was the most active at the Nairobi Securities Exchange(NSE) when trading closed last week, with shares valued at KSh 1.8 Billion transacted which accounted for 60.96% of the week’s traded value.
KCB was the top mover in this sector with 21 Million shares valued at KSh 925 Million at a price of KSh 41.95 per share.
Equity Group Holdings traded a total of 20 Million shares during the week, valued at KSh 823 Million at the price of KSh 40.95 per share.
The Telecommunications sector was the second most active during the week, with Safaricom moving shares valued at KSh 980 Million, accounting for 32.14% of the week’s traded value.
However, its share price fell by 3.43% to KSh 39.40, down from KSh 40.80 registered the previous week.
Nairobi Business Ventures(NBV) was the week’s top gainer, its share price rising by 12.13% to close the week at KSh 4.90 per share from the KSh 4.37 per share posted in the week prior.
The NBV stock began the year with a share price of 4.28 KES and has since gained 14.49% on that price valuation, ranking it 7th on the NSE in terms of year-to-date performance. This counter has accrued 10.11% over the past four-week period.
WPP Scangroup Plc was the week’s worst-performing counter with an 8.85% drop in share prices to KSh 5.56 from KSh 6.10 recorded the prior week.
NSE Weekly Indices Movement
Weekly turnover at the bourse increased by 14.23% to KSh 3.05 Billion from KSh2.67 Billion realized the prior week.
The benchmark NSE All Share Index (NASI) declined by 3.12% week on week to close the week at 165.76 points.
The NSE 20 Share Index lost 0.75 points or 0.04% to close Friday at 1,862.50 points, while the NSE25 share index dropped 139.90 points or 3.73% from last week’s close to stand at 3,586.62.
The NSE 20 has shed 0.28% while the NSE25 has gained up to 5.02% respectively in the year to date performance.
During the week, the bourse also launched the unquoted securities market (USM) as it seeks to boost trading at the bourse amid the COVID-19 squeeze.
The Derivatives Market segment at the bourse closed the week with a total of 203 contracts valued at KSh 8.2Million transacted from 203 contracts valued at KSh 8.2 Million posted in the preceding week.
The Secondary Bond Market posted a 3.38 % rise in activity with KSh 21.19 Billion worth of bonds traded against the KSh 20.50 Billion worth of bonds transacted in the prior week.