Equity Group Holdings, the most profitable lender in Kenya, was the day’s top mover when the Nairobi Securities Exchange(NSE) closed its first day of trading this week.
Equity Group moved a total of 4,687,300 shares at between KSh 51.50 and KSh 52.00, the lender still riding on its positive Q3, 2021 financial results.
The lender recorded Net Earnings of KSh 26.9 Billion ahead of its closest rival KCB Group whose Net Earnings for Q3, 2021 hit KSh 25.2 Billion.
Equity Group, with a market capitalization of 196 Billion, had 92 deals and a gross turnover of KSh 244 Million.
Equity Group began the year with a share price of KSh 36.55 and has since gained 42.3% on that price valuation, ranking it third on the NSE in terms of year-to-date performance.
The stock has accrued 5% over the past four-week period—sixth best on NSE.
Equity Group is the second most traded stock on the Nairobi Securities Exchange over the past three months (Aug 24 – Nov 22, 2021).
The NSE recorded a 44.8% decline at the end of the first day of trading this week, compared to a turnover of KSh 849.7 Million when trading ended at the bourse on Friday last week.
The number of shares traded also declined to 18.6 Million compared to 28.6 Million shares traded on Friday last week. Market capitalization also declined to KSh 2.5 Trillion compared to KSh 2.6 Trillion on Friday last week.
Total Equity Deals declined to 1,127 today compared to 1,373 at the end of the previous session.
Top price gainers at the bourse this Monday were led by Nairobi Business Ventures which was up 9.71% to KSh 4.18 over its previous closing price of KSh 3.81.
Nairobi Business Ventures began the year with a share price of KSh 4.28 but has since lost 2.34% off that price valuation, ranking it 34th on the NSE in terms of year-to-date performance.
The NBV counter has lost 14% of the stock’s value from October 25th to date from the highest gain on 11th November when the share price rose by 3.635 to KSh 5.14.
NBV was followed by BOC Kenya which was up 2.94% to KSh 70.00; Stanlib Fahari Income-REIT which gained 1.75% to KSh 6.96; TransCentury which appreciated by 1.69% to KSh 1.20 and Flame Tree Group which rose 1.53% to KSh 1.33.
The worst performers were led by Sameer Africa, which was down 8.42% to KSh 2.61; followed by Liberty Kenya, which declined by 5.63% to KSh 7.04; Nation Media Group whose share price fell 4.25% to KSh 19.15; Uchumi which declined by 4.17% to KSh 0.23 and WPP ScanGroup whose shares declined by 3.52% to KSh 4.11
Apart from Equity Group, other top movers were Absa( 4.18 Million), Safaricom( 3.76 Million), KPLC( 982,600) and NSE(899,900).
The NSE All-Share Index(NASI) was down by 3.62 points to close at 164.81 while the NSE 20 Share Index lost 17.54 points to close at 1876.11. The NSE 25 Share Index lost 52.64 points to close at 3679.83.
The Secondary Bonds Market recorded a turnover of KSh 3.3 Billion from 85 deals compared to the previous KSh 2.4 Billion from 85 deals.
The Derivatives Market had 44 contracts worth KSh 1.8 Million concluded compared to 2 contracts worth 79,720 at the end of the previous session.