Trans Century Plc was the top gainer at the Nairobi Securities Exchange(NSE), its share price rising 18.45% to close at KSh 1.22 per share. This is compared to KSh 1.03 recorded the week prior.
Trans Century is a listed firm engaged in power, infrastructure and engineering industries across Africa.
The firm began the year with a share price of KSh 1.45 but has since lost 15.86% off that price valuation, ranking it 58th on the NSE in terms of year-to-date performance.
Trans Century has hinted at delisting
Shareholders, who have been jittery following undisclosed plans by Trans Century to delist from the NSE, appear to have calmed. This is shown by the 9.91% increase of Trans Century share price in recent weeks since 17th March 2021.
The share price of Trans Century, with a Market Capitalization of KSh 341.96 Million, has gained 18.45% over the past one week, 9.91% over a month but a 15.86 % decline in YTD performance. The firm has yet to publish its 2020 financial results.
The NSE Weekly turnover increased by 13.88% to KSh 2.34 billion from KSh 2.06 billion posted in the week prior. The volume of shares traded increased by 4.18% to 64.8 Million from the 62.2 Million transacted the week prior.
Safaricom, the telco giant, was the week’s prime mover with a turnover of KSh 1.2 Billion, equivalent to 51.23% of the week’s traded value.
Its share price rose by 5.79% to close the week at KSh38.40, up from KSh 36.30 the previous week.
The Banking Sector came in second with shares worth KSh 558 Million transacted, an equivalent of 23.81% of the week’s traded value.
KCB Group Plc closed the week 5.00% higher to KSh.42.00 per share and had 4.4 Million shares valued at KSh.186 million transacted.
Equity Group Holdings Plc gained 3.05% in share price to KSh38.85 on a volume of 3.6 Million shares and a turnover of KSh 137 Million.
Car & General (Kenya) Plc was the week’s top loser, shedding 10.00% to close the week at KSh 21.60 from KSh 24.00 the week prior.
The Secondary Bond Market realized a 615.32% rise in activity with KSh 27.32 Billion worth of bonds traded against KSh 3.82 Billion worth of bonds transacted in the week prior.
The Derivatives Market at the NSE closed the week with a total of 116 contracts valued at KSh 4.2 Million transacted compared to 76 contracts valued at KSh 3.5 Million posted in the week prior.
The benchmark NSE All-share index(NASI)was up 6.49 points or 4.09% to close the trading week at 165.08 points. This represented a 4-week gain of 1.07% and an overall year-to-date gain of 8.53%.
The NSE 20 share index and the NSE25 share indices were up by 14.20 points or 0.76% and 117.68 or 3.35% to close Friday 16th April 2021 at 1,882.96 points and 3,635.75 points, respectively.
The NSE 20 and the NSE25 share indices have shed up to 0.78% and 6.46%, respectively, in YTD performance.