The latest market report for Kenya reveals notable trends, with the country experiencing the highest month-on-month (MoM) increase at 10.45 per cent, while Zimbabwe remains an outlier.

Uganda, on the other hand, faced losses in both year-to-date (YTD) and MoM, recording declines of 26.23 per cent and 2.04 per cent, respectively.

However, Malawi and Egypt stood out with the highest year-to-date returns, as per the Barometer’s comparison of October and November performance.

Published by the Nairobi Securities Exchange (NSE), the monthly report delves into local capital markets, covering turnover, index movements, and individual stock performances. It provides stakeholders with valuable insights to identify opportunities within the market.

“In the derivatives market, a quarter-on-quarter analysis between the second and third quarters of 2023 reveals a 1.87 per cent increase in traded volume,” said the NSE.

The number of deals and total turnover also saw significant upticks of 54.76 per cent and 4.25 per cent, respectively. However, a month-on-month comparison between October and November 2023 showed a decline in derivatives, with deals, volumes traded, and turnover decreasing by 36.99 per cent, 20.75 per cent, and 18.17 per cent, respectively.

Notable mentions include Safaricom leading in November 2023, contributing to 62.70 per cent of the total turnover.

The top ten companies by turnover collectively accounted for 95.30 per cent of the total turnover for the month, with Bamburi Cement gaining 53.06 per cent MoM and Flame Tree Group Holdings experiencing the highest loss of 16.67 per cent.

In sector-specific performances, the Construction and Allied Sector recorded the highest gain of 17.01 per cent, while Safaricom, the sole counter in the Automobiles and Accessories Sector, faced the highest loss of 8.58 per cent..