Shareholder’s Wealth at NSE Hit a High of KSh.630bn in Q3

By Korir Isaac / Published October 22, 2021 | 10:15 am




KEY POINTS

Thanks to the recovery efforts from the effects of the Covid-19 pandemic, the market capitalization at the NSE rose to 2.778 trillion shillings compared to 2.148 trillion during the same period in 2020.


NSE

Investors at the Nairobi Securities Exchange (NSE) have a reason to smile after their wealth hit a high of 630 billion shillings in the third quarter of 2021.

Thanks to the recovery efforts from the effects of the Covid-19 pandemic, the market capitalization at the NSE rose to 2.778 trillion shillings compared to 2.148 trillion during the same period in 2020.

Nevertheless, the shareholders’ paper wealth grew by 76.5 billion shillings on a quarter-to-quarter basis. This increase translates to a 2.83 percent growth compared to a market capitalization of 2.702 trillion shillings in Q2.

The NSE All-Share Indices at the Nairobi bourse rose by 5.38 percent and 2.75 percent, respectively in Q3. The two recorded 2.031.27 points and 178.31 points respectively at the end of the quarter.

The bond market turnover, on the other hand, also grew by 11.01 percent during the period under review thanks to the 301.10 billion shillings worth of bonds traded.

The equity turnover at the NSE performed poorly recording 31.36 billion shillings in Q3 compared to 37.99 billion shillings in the previous quarter. This was as a result of reduced trading activity during the third quarter.

ALSO READ: 2Kg Of Maize Flour Above Ksh 100 As Millers Blame It On Transport

Traded shares dropped 13.93 percent to 946.48 million in the quarter compared to 1,099.65 million in Q2.

The NSE top 10 companies held 89.94 percent of the total market capitalization, led by Safaricom that controlled almost 60 percent.

Equity Bank, KCB, East Africa Breweries, Coop Bank, Absa, Standard Chartered Bank, BAT, NCBA, and I&M Bank accounted for 2.5 trillion shillings of the total market capitalization.

The derivatives market registered a 34.6 percent drop in the volumes traded to close the quarter at 2,115 contracts compared to 3,234 contracts traded in Q2 2021.

Similarly, the turnover closed the quarter at 78.52 million, a 42.29 percent decrease from 136.07 million recorded in Quarter 2.

As of June 30, 2021, the total assets under management by the CIS were 117.77 billion shillings, a 6.08 percent rise from 111.09 billion shillings managed in the quarter ended March 31, 2020.

At 47.29 billion shillings, CIC Unit Trust Scheme led the pack with the largest portion with NCBA Unit Trust Scheme following suit by managing 14.81 billion shillings in the same period.

Nabo Capital recorded the highest increment of 37.52 percent recording 2.4 billion shillings as of June 30, 2021, up from the 1.78 billion shillings registered in the previous quarter.

Amana Unit Trust funds recorded the highest decline of funds managed by 40.35 percent to report 45 million shillings in Q2 from 75.6 billion shillings in Q1.

During the period under review, CMA approved the application by Nairobi Business Ventures Ltd to issue a Shareholder’s Circular about proposed investments in Air Direct portfolios.

ALSO READ: Cooking Oil Now a Commodity for the Rich

The regulator also gave a nod to an application by African Diaspora Asset Managers Limited relating to the registration of the ADAM Unit Trust Fund comprising of the Adam Equities Fund, Adam Money Market Fund, Adam Balanced Fund, and Adam Fixed Income Fund.

The regulator agreed to the application by East African Breweries Limited for the establishment of a MediumTerm Note Programme of up to 11 billion shillings and listing of all the issued notes on the Nairobi Securities Exchange.





About Korir Isaac

A creative, tenacious, and passionate journalist with impeccable ethics and a nose for anticipated and spontaneous news. He may not say it, but he sure can make one hell of a story.

View other posts by Korir Isaac


More Articles From This Author








Trending Stories










Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE



ARCHIVES

2021
  • January 2021 (182)
  • February 2021 (227)
  • March 2021 (325)
  • April 2021 (259)
  • May 2021 (285)
  • June 2021 (273)
  • July 2021 (277)
  • August 2021 (233)
  • September 2021 (271)
  • October 2021 (305)
  • November 2021 (363)
  • 2020
  • January 2020 (272)
  • February 2020 (310)
  • March 2020 (390)
  • April 2020 (321)
  • May 2020 (335)
  • June 2020 (327)
  • July 2020 (334)
  • August 2020 (276)
  • September 2020 (214)
  • October 2020 (233)
  • November 2020 (242)
  • December 2020 (187)
  • 2019
  • January 2019 (251)
  • February 2019 (215)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (271)
  • June 2019 (250)
  • July 2019 (338)
  • August 2019 (293)
  • September 2019 (306)
  • October 2019 (313)
  • November 2019 (362)
  • December 2019 (319)
  • 2018
  • January 2018 (291)
  • February 2018 (213)
  • March 2018 (276)
  • April 2018 (223)
  • May 2018 (235)
  • June 2018 (176)
  • July 2018 (256)
  • August 2018 (247)
  • September 2018 (255)
  • October 2018 (284)
  • November 2018 (283)
  • December 2018 (184)
  • 2017
  • January 2017 (183)
  • February 2017 (194)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (245)
  • June 2016 (182)
  • July 2016 (271)
  • August 2016 (247)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (108)
  • May 2015 (116)
  • June 2015 (120)
  • July 2015 (148)
  • August 2015 (157)
  • September 2015 (188)
  • October 2015 (169)
  • November 2015 (173)
  • December 2015 (207)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950