This archive report was first published on 19 July 2021.
On July 16, 2021, the Nairobi Securities Exchange (NSE) listed Kapchorua Tea Kenya Plc as the week's top gainer, with a 25.6% increase in investor wealth.
The company's shares closed the week at KSh 98.00, marking a significant gain for investors.
However, Crown Paints Kenya Plc was the worst performer, with its shares dropping by 23.00% to KSh 20.25 per share.
The Nairobi bourse ended the week on a high note, with stocks across the board gaining and providing investors with one of the highest weekly returns on the exchange.
NSE Indices ¶
The Central Bank of Kenya's weekly report showed that the benchmark NASI, NSE 25, and NSE 20 share price indices increased by 1.8%, 1.0%, and 1.3% respectively, to 178.8 points and 1969.8 points.
Market capitalisation also increased by 1.2%, marking the highest NASI and NSE 20 share price indices since April 5, 2018, and July 20, 2020, respectively.
Despite the gains, equity turnover and total shares traded declined by 2.7% and 25.5% respectively, during the week.
Safaricom Plc was the week's prime mover, with shares valued at KSh 855 million transacted, driven by a 3.27% rise in its share price to KSh 42.60.
The telco's share price saw a boost after Ethiopia formally granted a nationwide operating license to Safaricom Telecommunications Ethiopia Plc.
