NSE Weekly Report
The Nairobi bourse closed the trading week at KES 2.259 Trillion market capitalization which was an improvement from the previous week. The NSE market indices, NSE All share index (NASI) moved up 1.15 (0.79%) points to close at 147.12, representing a 1 week loss of 0.68%, a 4-week gain of 2.22%, but an overall year-to-date loss of 11.59%.
Activity level on the market improved by volumes and slightly declined in values exchanged. The turnover for the market stood at KES 2.68 Billion achieved on trades of 103.7 million shares.
Safaricom was the most traded counter with over a third of the total shares traded for the week. The shares added a price appreciation of 4%, closing the week at KES 32.65
The market closed positive with the NSE closing the last trading day with 22 gainers against 15 losers.
Outlook
The coming week will likely turn the market higher as investors welcome the FDA approval of Pfizer and BioNtech vaccine for emergency use as the world continues to deal with the Covid-19 pandemic. The vaccine will return confidence to both internal and external investors who are likely to flood the market to take up shares before the prices begin to skyrocket due to economic recovery.
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