Bank of Kigali was the month’s top price gainer of 37.9%, followed by Eaagads 21.7%, Crown Paints 17.1%, NSE 14.8%, Limuru Tea 14.3%, East African Cables 13.7%, Sameer Africa 11.2%, Express Kenya 11.1%, ABSA 10.2% and Unga Group 10%, according to the NSE Monthly Barometer Bulletin.
The August 2021 top loser was Nairobi Business Ventures which lost 35.5% followed by WPPScanGroup( 20.4%), Home Afrika( 10%), East African Portland( 8.5%), TransCentury( 7.3%), CIC Insurance( 7.1%), Eveready( 5.0%) Car&General( 4.8%), Sanlam( 4.5%) and Carbacid( 4.2% loss).
Market capitalization rose by 2.7% from KSh2,766.28 Billion in July to KSh2,841.4 Billion in August 2021.
Equity turnover increased by 27.8% in August 2021 from KSh9.3 Billion to KSh11.9 Billion; Bonds turnover decreased by 8.8% from KSh95.8 Billion to KSh87.4 Billion.
The NSE-20 Index rose by 2.4% in August 2021 from July 2021.
Q2 2021 recorded increased Derivatives turnover by 56.19% in comparison to Q1 2021. August 2021 recorded a higher turnover than July 2021, by 154%.
The number of deals in the derivatives market declined to 256 in August from 312 in July, while volumes increased to 986 contracts from 508 contracts concluded in July.
Turnover was KSh 40,614,000 in August from 15,979,000 in July 2021.
NSE top movers in August
Safaricom was the month’s top mover with a turnover of KSh 5.8 Billion or 48.91% of the market’s total turnover, followed by Equity Group at KSh 1.7Billion( 14.35%), EABL with a turnover of KSh 1.6 Billion( 14.14% of market total turnover), KCB at 833.8 Million(7.03%), SCBK with KSh 336.9 Million( 2.84%), Co-op Bank KSh 300.5 Million turnover(2.54% of total market turnover), Bamburi KSh 278.9 Million( 2.35%), BAT KSh 163.6 Million( 1.38%), ABSA KSh 147.21 Million( 1.24%) and DTB with a turnover of KSh 82.46 Million in August 2021, 0.70% of the month’s total turnover.
Safaricom also led the top movers in July 2021, followed by Equity Group, EABL and KCB, then DTB, Nation Media, SCBK, Coop, ABSA and I&M in that order.
Safaricom began 2021 at KSh 34.25 and has since gained 23.1% on that price valuation, ranking it ninth on the NSE in terms of year-to-date performance.
The investment services segment of the NSE experienced the highest gain at 14.8%, while Automobiles recorded the highest loss of 4.8%.