Nairobi Securities Exchange(NSE) recorded an increase in weekly equity turnover to KSh 2.7 Billion compared to KSh 2.6 Billion at the end of last week. This is as the banking sector dominated trading at the bourse.
The derivatives market closed the week with a total of 73 contracts valued at KSh 2.4 Million.
NSE weekly activity dominated by banking sector
The banking sector dominated the week with shares worth KSh 1.6 Billion which accounted for 53.86% of the week’s traded value. KCB gained 4.91% to KSh 47.00 compared to KSh 44.80 the previous week with shares worth KSh 880 Million transacted. Equity gained 5.47% to KSh 53 and moved 12 Million shares during the week valued at KSh 637 Million.
The week’s top price gainers were led by Olympia Capital which rose 13.51% to KSh 2.10.The current share price of Olympia Capital Holdings Limited is KSh 2.10. OCH closed its last trading day this Friday, February 4, 2022) at KSh2.10 per share on the Nairobi Securities Exchange (NSE).
Olympia Capital began the year with a share price of KSh 2.00 and has since gained 5% on that price valuation, ranking it 11th on the NSE in terms of year-to-date performance.
Olympia Capital was followed by Flame Tree Group which was up 13.11% to KSh 1.22, BOC Kenya which was up 9.93% to KSh 77.50, TPS Serena which gained 9.64% to KSh 15.35 and Unga which rose by 9.60% to KSh 30.25.
The week’s worst performing counters were led by Kapchorua Tea which was down 8.91% to KSh 92.00 followed by East Africa Portland which declined by 8.22% to KSh 6.70, TransCentury which slid by 4.62% to KSh 1.24, Uchumi which depreciated by 4.35% to KSh 0.22 and Car&General which lost 3.80% to KSh 57.00.
NSE INDICES
The NSE 20 Share index gained 25.85 points to 1901.18 while the benchmark All Share Index was up 5.98 points to 167.02. The NSE 25 Share gained 118.24 points to 3757.61
The volume of shares traded during the week stood at 82 Million compared to 61.9 Million transacted the previous week.
Safaricom share price increased by 4.97% to KSh 38.00 up from KSh 36.20 at the end of the prior week and transacted shares worth KSh 1.17 Billion, which represented 37.22% of the week’s traded value.
East African Breweries was up 1.40% during the week to KSh 163.25 and moved 1.3 Million shares valued at KSh 217 Million.
BAT moved 22,000 shares valued at KSh 9.9 Million and closed the week at KSh 450.75
KenGen closed the week 1.23% lower to KSh 4.00 on a volume of 4 Million shares worth KSh 16 Million.
The secondary bonds market had bonds worth KSh 10.5 Billion, a reduction from the previous week’s 12.5 Billion.
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