Nairobi Securities Exchange (NSE) recorded a 27.05% increase in turnover when trading ended on Friday, 22nd January 2021 compared to KSh 2.09 Billion the prior week.
The Banking Sector was the most dominant feature, with shares worth KSh 1.2 Billion traded, which accounted for 46.56% of the week’s traded value.
KCB Group share price fell by 2.44% to KSh36.00 with shares worth KSh552 Million transacted. Equity Group traded 12 million shares valued at KSh459 Million and closed the week at KSh37.20.
Top price gainer and loser
Express Kenya Plc was the week’s top price gainer, adding 12.69% in shareholder wealth to close the week at a price of KSh 3.73 per share.
Express Limited, a transport and logistics company in Kenya which offers services for goods clearing and forwarding and warehousing, is among listed firms that have already issued a profit warning that its 2020 results will fall by more than 25%.
Thus increased activity on this counter is seen as based on speculative activity and not fundamentals.
Eveready East Africa Plc was the week’s worst performer, its share price declining by 13.45% to close the week at KSh 1.03 per share.
NSE indices
The benchmark All Share Index ended the week at 154.84. This represented a one-week loss of 2.12%, a 4-week gain of 3.35%, and an overall YTD 1.79% gain.
The NSE 20 fell 32.47 points or 1.69% to close the week at 1,887.23 points; the NSE25 similarly dropped 57.36 points or 1.64% from the prior week’s close to stand at 3,432.28.
The NSE 20 and the NSE 25 Share Indices have gained by 1.01% and 0.5% respectively in the year to date performance.
The NSE recorded a volume of 79.8 Million shares, a 16.94% increase from the prior week’s 68.24 Million shares.
Market Capitalization fell by 2.12% to KSh2.38 Trillion from the prior week’s 2.43 Trillion. Investors wealth continues to fall as foreign investors, who dominate activity at the NSE, give the Nairobi bourse a wide berth.
Safaricom share price
The most capitalized at the bourse, Safaricom saw its share price decline by 2.74% to KSh 35.55, down from KSh 36.55 posted in the prior week.
The Telco moved shares valued at KSh843 Million, accounting for 31.80% of the week’s traded value.
Derivatives
The derivatives market segment closed the week with a total of 58 contracts valued at KSh2.6 Million, a decline from 64 deals valued at KSh1.9 Million the week prior.
Bonds
There was also a decline in activity at the bond market, at 36.99% fall to KSh4.88 Billion worth of bonds traded against KSh 7.75 Billion the week prior.
