Weekly Markets Update 30| CIC's 2021 H1 Performance, Local Investor Dominance on the NSE and How Unrest in Afghanistan Could Affect Commodity Prices.

<p>In this episode, the Hisa team looks at CIC's performance for the half-year ended June 2021, analyse how local investors on the NSE outpaced foreign investor activity for the first time in a long time and weigh in on how unrest in Afghanistan and the Middle East could affect global commodity prices.&nbsp;</p> <p>Highlights:&nbsp;</p> <ul> <li>CIC reported a net profit of KSh260 million for H1 ended June 2021. Gross written premiums rose by 15% to 10.8 billion, while net earned premium rose by 0.5%.</li> <li>The counter rose by 47% YTD and 54% YoY, ranking at 3rd on the exchange in YTD performance.&nbsp;</li> <li>Local investors accounted for 65.65% of the total market activity on the NSE, overtaking foreign investors at 34.35%. Most of the investment went into Safaricom, Equity, KCB and Cooperative bank, while foreign investors mostly focused on EABL.&nbsp;</li> <li>NASI was up by 1.5%, closing at 181.18 basis points. The NSE 25 rose by 0.84%, closing the week at 3950 basis points. The NSE 20 fell by 0.68%, closing at 1961.07 points.</li> <li>Equity turnover was up 64.3%, closing the week at Ksh 2.45 billion trade in terms of trade. The bond market was also up 2.9%, with Ksh 21.9 billion worth of bonds traded. The total shares traded rose by 142%, with 110 million shares traded in the week.</li> <li>Bank of Kigali was the top gainer for the week, up by 18%, closing at Ksh 38.25.</li> <li>NBV was the top loser, shedding 14.8% and closing at Ks 5.92.</li> <li>Ghana was the top-performing sub-Saharan African exchange for the week, with its all share index gaining 40.5% YTD. Zambia, Kenya and Uganda followed, gaining 19.2%, 19.1%, and 18.3%.&nbsp;</li> <li>A destabilised Middle East would not board well for commodity prices starting with oil, likely affecting other markets. &nbsp;</li> </ul>