The Nairobi Securities Exchange(NSE) recorded a total of 17,139,800 shares in 1,085 deals, corresponding to a market value of KES 612,087,886.00, when trading ended Monday, 19th July 2021.
The Nairobi bourse’s current Market Capitalization is KSh 2.71 trillion. In total, 49 listed equities participated in trading, ending with 20 gainers and 20 losers.
Liberty Kenya Holdings led the gainers with 9.74% share price appreciation closing at KSh 8.56 per share over its previous closing price of KSh 7.80.
Liberty Kenya Holdings Plc- is part of Johannesburg Stock Exchange-listed Liberty Holdings- a financial services conglomerate that offers investment, insurance, health products and services to individuals and businesses.
South Africa’s Liberty Holdings is part of the Standard Bank Group.
This counter has been lifted by recent disclosures by South Africa’s Standard Bank to purchase additional shares in Liberty Holdings, which has a subsidiary in Kenya.
Liberty Kenya Holdings Ltd, formerly CFC Insurance Holdings Ltd, is a Kenya-based holding company offering life and property/casualty insurance coverage.
Its subsidiaries include CfC Life Assurance Limited and The Heritage Insurance Company Limited in Kenya. Liberty Holdings is the strategic investor in CfC Insurance Holdings Limited.
This stock began the year with a share price of KSh 7.70 and has since gained 11% on that price valuation, ranking it 17th on the NSE in terms of year-to-date performance. This counter has accrued 8% over the past four-week period alone—13th best on NSE.
With a current market capitalization of KSh 4.59 Billion, Liberty Kenya Holdings is also the 39th most traded stock on the NSE over the past three months (Apr 20 – Jul 19, 2021).
This counter has traded a total volume of 343,700 shares—in 202 deals—valued at KSh 2.66 million over the period, with an average of 5,456 traded shares per session. A volume high of 42,300 was achieved on June 24th for the same period.
NSE gainers and losers
Also on the top gainers’ list is ScanGroup, whose share price was up 7.39%, Eveready East Africa 7.22% and TPS Eastern Africa Serena 7.14%. The worst performing counters were led by Jubilee Holdings, which lost 8.12% of its share price to close the day at KSh 353.75 per share.
Other laggards were Eaagards which was down 7.17%; CIC Insurance Group lost 4.55% of its share price and Olympia, which was down 4.5%.
Safaricom was the prime mover with a volume of 5.4 Million, followed by Diamond Trust Bank Kenya( 3.28 Million), Kenya Power& Lighting Company( 2.17 Million) and Equity Group Holdings (1.48 Million).
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