Nairobi Securities Exchange (NSE) recorded a weekly turnover of KSh 1.5 Billion on a volume of 57.7 Million shares, when trading at the bourse ended this Friday, January 8th, 2021.
This is an increase of 7.14% from an NSE turnover of KSh 1.37 billion recorded during the 4-day trading week that saw investors take a break for the new year holiday.
Safaricom
Safaricom was this week’s biggest mover at the NSE this week, toppling banks from this top spot, with 26Million shares valued at KSh 909 Million changing hands at between KSh34.00 and KSh35.05; this represented 57.11% of the week’s traded value.
Banks
The Banking Sector had shares worth KSh 507 Million transacted which accounted for 31.85% of the week’s traded value.
Equity Group shares were the most actively traded in this segment with 8.9Million shares valued at KSh 323Million changing hands at between KSh 35.55 and KSh36.50.
KCB Group moved 2.5Million shares valued at KSh97M and closed at KSh38.30. Standard Chartered Bank down 2.95% to KSh 140.00 moved 222,000 shares worth KSh 31 Million.
Insurance
The Insurance Sector had shares worth KSh40.5 Million transacted which accounted for 2.54%% of the week’s traded value.
Underwriter Britam was the main feature in this sector with its share price up by 2.34% to KSh7.42, on a turnover of KSh31 Million transacted.
Jubilee Holdings was up 2.64% to KSh 291.50 and moved 21,000 shares resulting in a weekly turnover of KSh 6 Million.
Manufacturing and Allied sector
The Manufacturing & Allied Sector had shares worth KSh94.8Million transacted, representing 5.95% of the week’s traded value.
EABL was the main feature in this segment, moving a volume of 302,000 shares during the week, resulting in a weekly turnover of KSh 46Million. EABL shares were trading at KSh 155.00.
BAT closed the week 8.45% higher to KSh.391.50 on a volume of 116,000 shares worth KSh44Million.
Derivatives
At the end of this week, the Derivative Market at the NSE closed with a total of 32 contracts valued at KSh 748,000.
FIXED INCOME SECURITIES MARKET SEGMENT (FISMS).
The Bond Market saw KSh 6.4Billion worth of bonds transacted during the first week of 2021.
According to the latest weekly bulletin from the Central Bank of Kenya(CBK), the NASI, NSE 25, and the NSE 20 share price indices increased by 1.2%, 0.7% and 0.6 %, respectively during the week ending January 7th 2021.
Market capitalization, total shares traded, and the equity turnover also rose by 1.2%, 110.5% and 190.1%, respectively.
Turnover of bonds traded in the domestic secondary market declined by 41.8% during the week ending January 7th, 2021.
On the international market, yields on Kenya’s Eurobonds remained stable, rising marginally by an average of 0.96 basis points.
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