With a Market Capitalization of KSh 1.58 Trillion, Safaricom Plc dropped its position as the top mover at the Nairobi Stock Exchange(NSE) with a volume of 2.32 Million shares and a turnover of KSh 91.43 Million. This is as investors reacted to a decline in the firm’s net earnings for the 2020/21 financial year.
Safaricom was behind Equity Group, which led with a volume of 3.48 Million shares and KCB, which moved a volume of 3.43 Million shares.
Other top movers were KenGen with 695,400 and KPLC( 551, 300). Safaricom’s share price also dipped 1.75% to KSh 39.40 this Thursday from KSh 40.10 on Wednesday.
Safaricom Share Price Performance
Over the past 52 weeks, Safaricom share price has risen from a low KSh 25.95 to a high of KSh 41.25. Safaricom began 2021 with a share price of KSh 34.25 and has since gained 15.04% on that price valuation, ranking it 5th on the NSE in terms of year-to-date performance.
The listed telco is engaged in the provision of mobile phone services, fixed-line wireless telecommunication, Internet and data services.
It offers a range of devices, such as mobile handsets, mobile broadband modems, routers, tablets, notebooks and laptop computers.
Top price gainers at the NSE this Thursday were led by Eveready E. A Plc with 9% share price appreciation closing at KSh 1.09 per share. Others were Eaagads Plc which was up 7.14%, Nairobi Business Ventures, 4.03% and CIC Insurance Plc, 3.29%.
The worst-performing stocks were led by Uchumi Supermarkets Plc, which fell 8% to KSh 0.23 per share.
Other laggards were Home Afrika Plc, which declined by 6.67%; Olympia Capital Holdings shed 5.58% of its share price and Jubilee Holdings Plc, whose price fell by 1.75%.
The derivatives market had 34 single stock futures contracts valued at KSh 1.23 Million concluded, compared to the 74 SSF contracts valued at KSh 2.42 Million concluded prior.
The Secondary Bond market had bonds worth KSh 2.22 Billion transacted in 97 deals compared to the KSh 3.11 Billion worth of bonds achieved in 96 deals in the prior session.
ALSO READ: Safaricom To Pay Ksh 55 Billion in 2021 Total dividends despite Profit Decline
