TransCentury(TCL) was last week’s top gainer, adding 18.03% in investor wealth to close the week at KSh 1.44 per share from its previous closing price of KSh 1.32.
TransCentury share price got lifted on the back of a rights issue that the firm’s shareholders approved during the company’s Annual General Meeting(AGM) held on June 10, 2021.
TransCentury has three divisions
Transcentury firm engaged in power, transport, infrastructure and engineering industries across Africa began 2021 at the price of KSh 1.45 but has since lost 0.69% off that price valuation.
After announcing plans to delist from the NSE, TransCentury has been a hasty retreat and is keen to raise cash for expansion through the bourse. After delays in publishing its financial results, TransCentury reported a KSh1.4 billion Net Loss for the half-year period ended on 30th June 2020 compared to a Net Profit of KSh297 Million in H1, 2019.
TransCentury ranks 32nd on the NSE year-to-date performance. Its share price has gained 21.01% in recent weeks – since May 12 2021.
Eaagads Limited was the week’s top loser, with the share closing at KSh 11.20 per share, a 16.10% decline from the previous week’s close of KSh 13.35 per share.
Eaagads is engaged in the growing and selling coffee with Compagnie International De Cultures, Intercultures, S.A. as the holding company.
The listed coffee firms began the year with a share price of KSh12.50 but has since lost 10.4% off that price valuation, ranking it 47th in YTD performance. Eaagad has lost 20% of the stock’s value from May 12 to date.
The NSE weekly equity turnover was up 108.25% to KSh 4.82 Billion from the prior week’s KSh 2.32 Billion. The volume of shares traded increased by 93.06% to close the week at 137.17 Million shares exchanging hands compared to the 71.05 Million sold in the prior week.
The Banking Sector was last week’s top mover with shares valued at KSh2.2 Billion transacted, accounting for 45.70% of the week’s traded value.
NCBA Group emerged as the most actively traded counter in the banking sector with 55 million shares valued at KSh1.4 Billion, trading between KSh 25.50 and KSh26.70.
Equity Group Holdings Plc was second, gaining 2.80% in share price activity to KSh44.05. This lender had 11.7 Million shares valued at KSh.516 Million transacted. KCB Group had 2.3 Million shares valued at KSh101 Million traded and closed at KSh42.60 per share.
Foreign investors remained dominant, accounting for 53.46% of the total market activity at the bourse. Local investors were most active in the banking sector, while foreigners drove up activity on Safaricom Plc and Total Kenya Plc counters.
The telecommunications sector was the second in activity, with Safaricom adding 1.85% in shareholder wealth to KSh.41.25 up from KSh.40.25 registered the prior week.
Safaricom had shares valued at KSh1.8 Billion transacted, translating to 37.44% of the week’s traded value. In terms of company-specific, Safaricom was the week’s top trader as its consortium officially received its license to operate in Ethiopia.
The Manufacturing & Allied Sector had shares worth KSh571 Million transacted, representing 11.85% of the week’s traded value.
The Construction & Allied Sector had shares worth KSh135 million transacted, representing 2.81% of the week’s traded value. Bamburi Cement closed the week 6.17% lower to KSh35.00 per share on a volume of 3.8 Million shares valued at KSh134 Million.
The benchmark Nairobi All Share Index (NASI) gained 1.45% week on week to close at 172.33 points. This was an equivalent of 13.29% in the year to date performance.
The NSE 20 share index and the NSE 25 share index added 3.10 points or 0.16% and 53.10 points or 1.44% to close the week at 1,911.92 and 3,745.10.