Weekly Equity turnover at the erratic Nairobi Securities Exchange(NSE) rose significantly with 176Million shares valued at KSh 5Billion traded.
This is against 92Million shares valued at KSh 2.4Billion transacted the previous week.
The Week-on-Week movement of the indices showed a general decline with the NSE 20 down 28.28 points or 1.51% to stand at 1847.41. The All Share Index (NASI) shed off 0.63 points or 0.45% to settle at 140.24 while the NSE 25 Share index lost 21.89 points or 0.67% to stand at 3238.77.
When the bourse opened this Monday 14th September, turnover fell to KSh 81 Million-the lowest level this year before hitting an all-year high of KSh 3.8 Billion on Thursday 17th September, 2020. The following day, Friday 18th September 2020, the turnover retreated to KSh 453 Million.
Figures from the NSE also show that volume of shares transacted climbed to 176 Million this week compared to 92 Million shares the previous week.
The Derivatives Market closed the week with a total of 127 contracts valued at KSh 3.6Million.
Safaricom was the week’s main feature with 140Million shares valued at KSh 4.2Billion changing hands at between KSh 29.00 and KSh 30.50; this represented 82.03% of the week’s traded value.
The week’s top gainer was Bamburi Cement, whose share price rose 25% from KSh 20 to KSh 25.
It was followed by Home Africa whose share price climbed 13.51% from KSh 0.37 to KSh 0.42.
Express Kenya was third with its share prices rising from KSh 4.25 to KSh 4.80, an appreciation of 12.94%.
Flame Tree Group shares rose 8.66% to KSh 1.38 while HF Group closed the 5 top gainers with its shares rising from KSh 4.05 to KSh 4.37, a rise of 7.90%.
The worst performing stock during the week was Nation Media, whose share price plunged 17.8% from KSh 19.20 to KSh 15.75. It was followed by BK Group whose share prices fell 10% from KSh 15.00 to KSh 13.50. Britam share price depreciated by 7.8% from KSh 7.98 to KSh 7.36 while Stanbic Bank shares fell by 7.41% from KSh 81.00 to KSh 75.00. Standard Group saw its shares drop by 7% from KSh 20.00 to KSh 18.60.
The NSE daily data indicates that Nation Media Group(NMG) was the top gainer on Friday with its share price rising 9.84% to KSh 16.75.
Eaagads Limited was the top gainer on Thursday 17th September, 2020 with its share price rising by 7.29% to KSh 12.95.
Express Kenya was the top gainer on Wednesday, its share price rising 9.34% to KSh 6.60. On Tuesday 15th September 2020, Bamburi Cement had the highest price appreciation, at 9.77% to KSh 24.15.
The Telcos sector, with Safaricom as the only listed firm, retained its position as the most active counter this week.
It was followed by the Banking Sector which had shares worth KSh 549Million transacted, accounting for 10.67% of the week’s traded value.
Equity Group Holdings declined by 2.30% to KSh 36.15, down from KSh 37.00 registered the previous week, with shares worth KSh 284Million transacted.
KCB Group unchanged at KSh 37.90 moved 2.4Million shares worth KSh 94Million. Stanbic Holdings down 7.41% to KSh 75.00 moved 770,000 shares valued at KSh 57.8Million.
The Construction & Allied Sector had shares worth KSh 59Million transacted which accounted for 1.15% of the week’s traded value.
Bamburi Cement rose by 25.00% to KSh 25.00, up from KSh 20.00 registered the previous week with shares worth KSh 36.6Million transacted. Crown Paints up 2.05% to KSh 44.90 moved 509,000 shares worth KSh 22Million.
The Investment Sector had shares worth KSh 11.3Million transacted which accounted for 0.22% of the week’s traded value. Centum moved 522,000 shares worth KSh 10.9Million and closed at KSh 20.90.
The Manufacturing & Allied Sector had shares worth KSh 261Million transacted which represented 5.08% of the week’s traded value. E. A Breweries moved 1.5Million shares worth KSh 256Million at a fairly stable price of KSh 168.00.
The Bond Market turnover declined to KSh 15.5Billion compared to KSh.21Billion registered the previous week.