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NSE Lists Standard Group as Top Price Gainer

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Nyakundi Report

Newsroom 2 min read

This archive report was first published on 15 July 2021.

On Thursday, 15th July 2021, the Nairobi Securities Exchange (NSE) listed Standard Group Limited (SGL) as the top price gainer, with its share price appreciating by 8.38% to KSh 18.75 per share.

This significant increase marks a notable turnaround for SGL, which began the year with a share price of KSh 22.50 but has since lost 16.67% of that value, ranking it 53rd on the NSE in terms of year-to-date performance.

However, shareholders are comforted by the 12.28% increase in SGL's share price in recent weeks, since 17th June 2021.

Other notable gainers on the NSE include KenGen, whose price rose 8% to KSh 4.32, Jubilee Holdings, which gained 7.54%, Unga Group, which rose by 6.83%, and TPSE, whose share price increased by 5.67% to close at KSh 14.90.

On the other hand, the worst-performing counters were led by Crown Paints Kenya, which lost 9.82% of its price to close the day at KSh 22.50 per share.

According to the NSE, a total of 7,174,900 shares in 1,040 deals were traded, corresponding to a market value of KSh 246 million. This data shows a 46% decline in volume, 35% decline in turnover, and 5% decline in deals.

The NSE currently has a Market Capitalization of KSh 2.72 trillion, with 49 listed equities participating in trading, resulting in 23 gainers and 19 losers.

Notably, Safaricom recorded the highest volume of 3.7 million traded shares, followed by ScanGroup, Nation Media Group, KCB Group, and KenGen.

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