NSE Equity Turnover Declines 54% to KSh 300.2 Million

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Nyakundi Report

Newsroom 1 min read

Primary source Kenyan Digest archive

This archive report was first published on 24 August 2021.

On August 24, 2021, the Nairobi Securities Exchange (NSE) reported a significant decline in equity turnover, with a 54% decrease to KSh 300.2 million.

Despite the decline, the NSE still recorded a substantial 7,475,200 shares exchanging hands in 1,174 deals, indicating a relatively active market.

Umeme Limited emerged as the top price gainer, with an 8.43% share price appreciation, closing at KSh 7.20 per share. TPS Eastern Africa Serena followed closely, gaining 4.17% to KSh 15.

On the other hand, Standard Group was the worst performer, with a 7.11% end-of-day price depreciation, closing at KSh 17.65 per share. Uchumi Supermarket also suffered a significant decline, down 4% to KSh 0.24.

Safaricom recorded the highest volume of traded shares, with 2.8 million shares exchanged, followed by Equity Group Holdings, KenGen, and Nairobi Business Ventures.

The benchmark NSE All Share Index (NASI) inched up 0.34 points to close at 188.20, representing a 1-week gain of 0.39%, a 4-week gain of 6.24%, and an overall year-to-date gain of 23.73%.

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