This archive report was first published on 5 September 2021.
August 2021 marked a notable period for the Nairobi Securities Exchange (NSE), with several stocks experiencing significant price movements. According to the NSE Monthly Barometer Bulletin, Bank of Kigali led the pack with a 37.9% price gain, followed closely by Eaagads at 21.7%, and Crown Paints at 17.1%.
On the other hand, Nairobi Business Ventures suffered the largest loss, plummeting by 35.5% in August 2021. Other notable losers included WPPScanGroup, Home Afrika, East African Portland, and CIC Insurance.
Market capitalization experienced a 2.7% increase, rising from KSh2,766.28 Billion in July to KSh2,841.4 Billion in August 2021. Equity turnover also saw a significant boost, increasing by 27.8% from KSh9.3 Billion to KSh11.9 Billion.
However, bonds turnover took a hit, decreasing by 8.8% from KSh95.8 Billion to KSh87.4 Billion. The NSE-20 Index also rose by 2.4% in August 2021, compared to July 2021.
Derivatives turnover experienced a notable increase, rising by 56.19% in Q2 2021 compared to Q1 2021. August 2021 saw a significant surge in turnover, with a 154% increase compared to July 2021.
Notably, Safaricom emerged as the top mover, accounting for 48.91% of the market's total turnover in August 2021. Equity Group, EABL, and KCB followed closely behind, with significant turnovers in the same period.
As the year progresses, Safaricom has maintained its position as a top performer, gaining 23.1% since the beginning of 2021. The investment services segment of the NSE experienced the highest gain, while the Automobiles sector recorded the highest loss.
