This archive report was first published on 28 June 2021.
On the first weekday of trading, the Nairobi Securities Exchange (NSE) recorded a significant increase in activity, with an equity turnover of KSh 632.9 million on a volume of 18.7 million shares that exchanged hands in 1,025 deals.
With a market capitalization of KSh 2.61 trillion, the bourse saw a total of 25 gainers and 12 losers, with Nation Media Group (NMG) emerging as the day's top price gainer.
On June 28, 2021, NMG rolled out its share repurchase plan, which contributed to its 8.46% increase in share price to close the day at KSh 25.00 from KSh 23.05. A total of 4.54 million shares were transacted, resulting in a turnover of KSh 113.36 million.
Since the beginning of the year, NMG's share price has gained 61.81%, ranking it second on the NSE in terms of year-to-date performance. Over the past four-week period, the stock value has accrued 44.93%.
Other notable gainers included Nairobi Securities Exchange, Nairobi Business Ventures, and I&M Holdings, which gained 6.34%, 5.76%, and 4.27%, respectively.
