In this article we summarise activities from the different stock markets in the region, NSE, DSE, USE and RSE. In this week’s analysis; the NSE’s saw a drop in market capitalisation while DSE and USE’s figures went up. RSE’s remained fairly constant.
Nairobi Securities Exchange (NSE)
Nairobi Securities Exchange recorded a market capitalization of KES 2,047.90 billion on Friday last week, which dropped to KES 1994.81 billion by Thursday this week marking a 2.59% margin drop. This was associated with fluctuation in different equities’ share prices throughout the week. The graph below shows the week’s trend in trading.
NSE 20 went down 103.97 points to close at 3640.61 on Thursday this week down from last week’s 3744.58 while NSE 25 Share Index also went south to close at 3955.56 on Thursday from 3662.15 recorded on Monday thus recording a 9.14 drop.
The top gainers this week were WTK,PORT, EGAD and EVRD. While BERG,APRS,SGL,DTK, XPRS and UTK recorded the highest negative percentage change in share price.
The trading session this week was on a normal rate despite Britain’s decision to exit the EU.
Dar es Salaam Stock Exchange (DSE)
TZS 22,916.68 billion was the highest market capitalisation figure recorded at the DSE as seen in the graph below.
The Exchange was able to trade shares totalling 5,220,953 in 263 deals in the week’s course, closing at TZS 4,781,339,880 on Thursday up from Monday’s turnover of TZS 10,672,620.
The Tanzania Share Index (TSI) went down 38.09 points to close at 3706.15 from 3743.84 on Monday while All Share Index (DSEI) went down by 13.47 points to close at 2481.99.
The main market movers this week were CRDB which traded 3,645,991 shares, TBL traded 52,905, NMB traded 827,751 and TCC traded 136,950.
This week saw an active trading session with 86.94% of turnovers recorded on June 27th coming from shares purchased by foreign investors and only 2.10% sold investors from this category, denoting high involvement of foreign investors in Tanzanian capital market.
UGANDA SECURITY EXCHANGE (USE).
USE recorded high market capitalization of about UGX 23,893.15. The impact of the fluctuation in share prices of different equities on market capitalization is as seen in the graph below;
A high total turnover of UGX 7,448,780 was recorded, having been pulled from 18 deals conducted in one day.
ALSI went down 24.04 points to close at 1706.81 on 30th June, while LCI went up 3.3 points to close at 391.73 on 28th June then went down 4.48 points to close at 387.25 on 30th June.
The exchange traded a total of 5,653,346 shares in 136 deals. The top movers for this week were UMEME which traded 47,575 shares, SBU – 4,589,232 shares, and DFCU – 900,189 shares.
Rwanda Stock Exchange (RSE)
Rwanda Stock Exchange total market capitalization was Frw 2,808,976,877,916 which remained constant throughout the week; implying that there were no fluctuations in price of shares or total outstanding shares from different listed companies.
Both RSI and ALSI remained constant closing at 142.63 and 130.08 respectively. The stock market experienced quite an active trading session this week in comparison to last week’s turnover of Frw 13,691,100 pulled from 13 deals.
On June 24th, the bond market recorded a total turnover of Frw 34,051,500 from Frw 32,900,000 worth of bonds at Frw 103.5 traded in 1 deal. On 29th the bond market recorded a total turnover of Frw 300,000 from Frw 300,000 worth of bonds at Frw 100 in one deal.
The top movers this week were BLR, CTL, BK which traded 2200 shares, 158,200 shares and 7400 shares respectively.
The Rwandan shilling remained fairly stable was trading at 782.27 at the beginning of the week and 782.77 by end of the week; which was good news for investors as there was minimal loss incurred from traded stocks on the basis of currency depreciation.
Article written by Hellen Mushobozi