The Nairobi Securities Exchange(NSE) Activity was upbeat on the first weekday of trading with an equity turnover of KSh 632.9 Million on a volume of 18.7 Million shares which exchanged hands in 1,025 deals.
With its current Market Capitalization of KSh 2.61 Trillion, the bourse saw a total of 25 gainers and 12 losers.
Featuring as the day’s top price gainer at the bourse was Nation Media Group(NMG), with a current market capitalization of KSh 4.71 billion, which rolled out its share repurchase plan when trading opened this Monday, 28th June 2021.
NMG share prices were up 8.46% or KSh 1.95 to close the day at KSh 25.00 from the previous KSh 23. 05 while a volume of 4.54 Million shares was transacted. This counter recorded a total of 121 deals that resulted in a turnover of KSh 113.36 Million.
While this media giant began the year with a share price of KSh 15.45, It has since gained 61.81% on that price valuation, ranking it 2nd on the NSE in terms of year-to-date performance.
The stock value has accrued 44.93% over the past four-week period alone.
NMG was followed by Nairobi Securities Exchange, whose share price was up 6.34%, Nairobi Business Ventures up 5.76% and I&M Holdings, which gained 4.27%.
The worst performer was Crown Paints Kenya, whose share price fell 10% to KSh 36.00 per share, followed by Total Kenya, whose price declined by 6.8%, BOC Kenya, which depreciated by 2.97% and Umeme, which lost 2.67% of its share price.
Britam lost 1.90% of its share price to close at KSh 7.22 as the fifth-worst performer.
Safaricom was the day’s top mover with a volume of 5.1 million traded shares, followed by Nation Media Group (4.54Million), Equity Group Holdings (4.16Million) and Kenya Power & Lighting Company (1.75Million).
With a market capitalization of KSh 6.83 Billion, Kenya Reinsurance Corporation was the 5th top mover with a volume of 801,300 shares as investors position for its dividend payout and books closure.
