The Nairobi Securities Exchange(NSE) recorded a 2.1% increase in market capitalization to KSh 2,702.22 Billion in June 2021 from KSh 2,646.71 Billion in May 2021, an increase of 2.1%.
This is according to figures from The Barometer, a monthly bulletin published by the NSE.
The report, among others, highlights an in-depth analysis of the Kenyan market performance for equities, bonds, derivatives, sector analysis, gainers and losers, and emerging market news.
NSE monthly bulletin shows increased turnover
According to the bulletin, Equity turnover at the NSE decreased by 1.5% in June 2021 from KSh14.2 Billion to KSh13.95 Billion, while bonds turnover decreased by 9.6% from KSh106.9 Billion to KSh96.6 Billion.
The NSE-20 Index rose by 3% in June 2021 from May 2021.
In the Derivatives Market, turnover increased by 56.19% from KSh 59.4 Million in Q1 to KSh 92.8 Million at the end of June 2021, while volumes rose 107.6% from 1,197 to 2,485 during the period under review. Deals also increased from 306 in Q1 to 1,120 in Q2, 2021.
Safaricom maintained its position as the most traded counter with a turnover of KSh 5.7 Billion, accounting for 41.09% of total turnover in June 2021.
It was followed by Equity with KSh 2.3 Billion of 16.7% of total monthly turnover, NCBA with KSh 1.7 Billion of 12.4% of total turnover, EABL with KSh 1.7 Billion at 12.14%, KCB with KSh 799 Million or 5.73% of total monthly turnover, Co-op Bank at KSh 250 Million or 1.79%, Nation Media at KSh 200 Million or 1.43%, Bamburi at KSh 184.9 Million or 1.33%, Diamond Trust Bank at KSh 138.6 Million or 0.99% of the June 2021 total turnover at the Nairobi bourse.
In May, the list of counters that led the turnover table was Safaricom(KSh 7.9 Billion) followed by KCB(KSh 2 Billion), Equity( KSh 1.9 Billion), EABL( KSh 1.2 Billion), COOP( KSh 177.7 Million), Standard Chartered( KSh 110.3illion), Carbacid( KSh 84.8 Million), Centum( KSh 72.9 Million)and Bamburi(KSh 59 Million).
This NSE monthly bulletin highlights macroeconomic factors affecting global markets.
It also outlines performance in the local capital markets by turnover, index movements and individual stock performance.