Nairobi Securities Exchange(NSE) had Kenya Commercial Bank(KCB) as this Thursday’s top mover, with a volume of 7.25 Million shares changing hands.

Other top movers were Safaricom(6.32 Million), C0-operative Bank(1.31 Million), KPLC( 333,400) and Absa Bank(307,400).

The current share price of KCB is KSh 44.00. KCB closed its last trading day (Thursday, December 16, 2021) at KSh 44.00 per share on the Nairobi Securities Exchange (NSE), recording a 0.6% gain over its previous closing price of KSh 43.75.

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KCB began the year with a share price of KSh38.10 and has since gained 15.5% on that price valuation, ranking it ninth on the NSE in terms of year-to-date performance.

KCB Bank is the second most traded stock on the NSE over the past three months (Sep 16 – Dec 16, 2021).

TOP PRICE GAINERS AND LOSERS

Top price gainers at the NSE were led by Standard Group Limited which was up 9.52% to KSh 14.95 followed by Olympia Capital, which gained 8.33% to close at KSh 1.95, Home Afrika which rose 2.63% to KSh 0.39, East African Cables which gained 2.40% to KSh 1.28 and Diamond Trust Bank which gained 1.79% to KSh 57.00.

The worst performers were led by Sasini, which declined by 8.26% to KSh 20.55 followed by East African Portland Cement which was down 7.06% to KSh 6.06; Liberty Kenya which declined by 3.83% to KSh 7.04; Housing Finance Company of Kenya which declined by 3.79% to KSh 3.81 and Total whose price depreciated by 3.74% to KSh 23.15.

MARKET TURNOVER

At the end of today’s trading session on the NSE, a total of 16,958,100 shares in 893 deals, corresponding to a market value of KSh 619,761,527.00, were traded.

This data shows a 2% improvement in volume, 23% improvement in turnover from the previous KSh 505,790,720.00, but 11% decline in deals to 1,010 from the previous 1,123.

The current Market Capitalization of the Nairobi Securities Exchange is KSh 2.54 trillion.

The benchmark NSE All Share Index (NASI) inched up 0.18 (0.11%) points to close at 163.31, representing a 1-week gain of 2.74%, a 4-week loss of 3.77%, but an overall year-to-date gain of 7.36%.

Other remarkable indices that performed were the NSE 20 Share Index declined by 0.38% to 1862.44; representing a one week gain of 1.73% 1WK; but a year to date loss of 0.32% YTD, while the NSE 25 Share Index was up 0.19% or 6.73 points to close at 3623.83; representing a 2.67% one-week gain; and year to date gain of 6.11%.

The Secondary Bonds market had a turnover of KSh 1,765,550,000 from 76 deals compared to a turnover of 2,026,100,000 from 92 deals previously.

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The Derivatives market had a total of 639 contracts valued at KSh 23,389,090 compared to the previous single contract valued at KSh 11,100.

Absa Bank Kenya, in collaboration with the German Development Cooperation have launched a KES 50 Million program aimed at increasing growth and competitiveness of 1,500 women-owned Micro, Small and Medium Businesses impacted by the Covid-19 economic situation, through blended finance and business development services capacity building.

The partnership is under the Employment and Skills for Development in Africa (E4D) Programme commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and Absa Bank Kenya.

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Dubbed SHE Stars, the project will offer a business skills training for the 1500 female entrepreneurs running small businesses in various sectors of the economy that have been negatively affected by the current Covid-19 pandemic. Adopting holistic face-to-face training, online sessions and workshops; the program aims to address business gaps and training needs that women entrepreneurs face, such as inadequate access to finance, mentorship, information and markets. The analysis of the business impacts of Covid-19 and the development of coping and adaptation measures will be specifically targeted.