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NSE weekly equity turnover down 10% to KSh 1.6 Billion



The Nairobi Securities Exchange(NSE) recorded a weekly equity turnover of KSh 1.6 Billion when trading ended at the bourse yesterday, a 10% decline from last week’s turnover of KSh 1.8 Billion.

Crown Paints was the week’s top price gainer when trading ended this Friday, 30th July 2021. The paints manufacturer’s share price gained 21.88% to stand at KSh 23.95 compared to KSh 19.65 when trading ended at the bourse on Friday last week.

This stock began 2021 with a price of KSh 38.00 but has since lost 37% off that price valuation, ranking it 60th on the NSE in YTD performance. The counter has lost 33% of the stock’s value from July 1st to date.

NSE gainers and losers

Other weekly price gainers were CIC Insurance, whose shares were up by 16.06% from KSh 2.55 to KSh 2.96; Kakuzi, whose shares rose by 11.33% from KSh 372.75 to KSh 415.00; Car and General, which gained 10% from KSh 32.00 to KSh 35.50 and Olympia Capital which was up this week by 8.38% to close at KSh 2.07 from KSh 1.91 at the end of last week.

Uchumi Supermarkets was this week’s worst performer, losing 14.81% to close at KSh 0.23 from KSh 0.27 the previous week. Centum was down 11.97% from KSh 17.55 to KSh 15.45 when trading ended at the bourse yesterday.

Nairobi Business Ventures was down 8.61% this week at the NSE to close at KSh 8.28 from KSh 9.06 last week.

BOC Kenya declined by 7.81% to KSh 62.00 from last week’s close of KSh 67.25, while Stanlib Fahari Income REIT lost by 5.87% to KSh 6.74 from KSh 7.16 when the NSE closed on Friday last week.

Safaricom Plc dominated the weekly activity at the NSE with shares worth KSh 846 Million transacted, representing 50.07% of the week’s traded value.

However, its share price declined by 1.99% to KSh 41.95, down from KSh 42.80 recorded on Friday last week.

The Banking Sector moved shares worth KSh 510Million, accounting for 30.16% of the week’s traded value at the NSE. KCB Group rose by 2.58% to KSh 45.70, up from KSh44.55 registered last week with shares worth KSh 256Million transacted.

Equity Group Holdings was up 2.19% to KSh48.90 and moved 2.8Million shares valued at KSh 139Million. Co-operative Bank gained 3.44% to KSh13.55 with shares worth KSh41.6Million transacted.

The Manufacturing & Allied Sector had shares worth KSh 246Million transacted, representing 14.57% of the week’s traded value. E.A Breweries declined by 2.71% to close the week at KSh 179.50 with shares worth KSh 242Million traded. B.A.T was up 1.75% to KSh465.00 and moved 2,000 shares valued at KSh 1.2Million.

The Insurance Sector had shares worth KSh 34Million transacted, representing 2.03% of the week’s traded value. Britam Holdings closed 2.08% higher to KSh7.86 on a volume of 2.7Million shares valued at KSh22Million while Kenya-Re was up 1.98% to KSh 2.57 on a volume of 3Million shares valued at KSh 7.6Million.

ALSO READ: NSE Weekly Turnover Up Slightly to KSh 1.84 Billion

The Secondary Bonds Market recorded improved activity with bonds worth KSh 22Billion transacted compared to KSh 17.6Billion at the end of last week.

The Derivatives Market closed this week with a total of 103 contracts valued at KSh 2.2 Million.

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