The Nairobi Securities Exchange(NSE) Weekly turnover fell by 35.26% to KSh 2.06 Billion. This is compared to KSh 3.18 Billion transacted the previous week.
This subdued performance is attributed to the short four day trading week as investors returned to the bourse after a long Easter vacation.
The volume of shares traded during the week ended 9th April 2021 also declined by 27.33% to 62.24 Million from the 85.65 Million recorded the week prior.
NSE top gainers and losers
The week’s top price gainer was the Bank of Kigali Group. Its share price rose 18.52% to close the week at KSh 24.00, with a turnover of KSh 42 Million.
Considered the largest lender in Rwanda, Investors have been reacting to its improved net earnings for the year ended 31st December 2020 and dividend payouts expected to be paid out after the Bank holds its Annual General Meeting(AGM), scheduled for 20th May 2021.
Transcentury was the week’s top price loser. This counter shed 14.17% of its share price to close the week at KSh 1.03 from KSh 1.20 recorded the previous week.
East African Portland Cement Company was prominent on the losers table, its share price falling to close the week at KSh 8.10 from the previous week’s KSh 9.00 per share.
Safaricom retained its position as the week’s prime mover, accounting for 67.53% of the week’s traded value.
The counter had shares valued at KSh1.3 billion transacted, its share price declining, however, by 2.02% to close the week at KSh 36.30.
This is compared to KSh 37.05 recorded at the end of the prior week. The Banking Sector had shares valued at KSh 318 Million transacted or 15.49% of the week’s traded value.
KCB Group was the main feature in this segment, although its share price fell 2.68% to close the week at KSh 4o.00. KCB moved 3.5 Million shares worth KSh142 Million.
In the Manufacturing Sector, East African Breweries was up 3.64% to close the week at KSh 163.75 per share, with shares valued at KSh 1.6 Million shares valued at KSh258 Million traded.
B.A.T Kenya moved 33,000 shares valued at KSh 15.8 Million, closing the week at KSh 470.50.
The NSE benchmark All Share Index closed the week lower, losing 2.09 points to settle at 158.59 points. This represented a 1-week decline of 1.30%, a 4-week loss of 2.53%, but an overall year-to-date gain of 4.26%.
The NSE 20 Share and the NSE 25 Share indices also declined by 4.32 points or 0.23% and 41.34 points or 1.16% to close the week at 1,868.76 and 3,518.06 points, respectively.
HOWEVER, the NSE 20 and the NSE25 share indices gained 0.02% and 3.01%, respectively, in year-to-date performance.
The Derivatives Market segment of the NSE closed the week with 76 contracts valued at KSh 3.5 Million transacted. This is compared to 89 contracts valued at KSh 10.6 Million posted in the prior week.
The Secondary Bond Market segment recorded a 67.17% decline in activity with KSh 3.82 Billion worth of bonds traded against the KSh 11.63 Billion transacted in the prior week.