Weekly Markets Update 35| Higher NSE Turnovers, Mixed US Markets, and Evergrande's Spreading Woes Across Asia

<p>Last week, Equity turnover rose 24.6% to Ksh 2.51 billion despite a 1% decline in the top five companies on the exchange. Safaricom accounted for Ksh 1.4 billion traded, whereas the top five counters accounted for 89.62% of the activity on the market. Listen to this podcast to understand how the NSE faired last week, African markets to watch, and how Evergrande's downfall could affect a series of Asian markets.&nbsp;</p> <p>Highlights:&nbsp;</p> <ul> <li>Co-op Bank recorded a decline in activity from 3.1% of the total market activity in the previous week to 2.7% last week.&nbsp;</li> <li>Longhorn Publishers recorded low activity on the exchange despite bouncing back profitability, reporting a profit of Ksh 7.48 million in profit for 2021 H1.</li> <li>The All-share index was up 1.45%&nbsp;</li> <li>The NSE 25 is back to 4000 basis points, standing 4015.08 basis points at the end of last week, signalling a lot of positive activity. &nbsp;</li> <li>The 20 share index was down 0.1% closing at 2061.45 basis points.</li> <li>Regionally, Ghana has led SSA in YTD performance, topping the chart at +43.3%. Zambia is up +21.3%. while the NSE is third at +20%.&nbsp;</li> <li>Evergrande mentioned last week that it will not be able to repay its dollar-denominated debts, as their real estate wing takes a hit. The effects of the group's downfall are likely to have a ripple effect in other markets in Asia like South Korea, Japan, and Vietnam.&nbsp;</li> <li>the S&amp;P 500 was down 0.6% week on week while its YTD performance was up 18%. The Nasdaq was up 16.7% YTD and down 0.5% week on week. The Dow was down 0.1% week on week and up 13% YTD.&nbsp;</li> </ul> <p>Listen to previous episodes of the Weekly Markets Breakdown on the Hisa App available on the App Store and Google Playstore.</p> <p>This episode features:&nbsp;</p> <p>Felix Ochieng - Chief Financial Analyst, Hisa</p> <p>Audio Production by Mwakaneno Gakweli.&nbsp;</p>