NSE Market Capitalisation Hits Sh1.65 Trillion

The market capitalisation of the Nairobi Securities Exchange (NSE) reached Sh1.65 trillion yesterday, an increase of 15%, following a successful week as evidenced by the growth in key share price indexes.

The NASI, NSE 25, and NSE 20 indices saw advances of 6.2%, 5.5%, and 4.5%, respectively, for the week ending June 1, according to the Central Bank of Kenya’s weekly bulletin.

Given that share prices are the primary gauges of NSE performance, this upward trend in share prices is favorable for investors.

In addition to a gain in share prices, positive development was also seen in market capitalisation and total shares traded, which increased by 6.2% and 12.4%, respectively.

However, it is important to note that equity turnover slightly decreased by 0.3% during the course of the previous week.

“Market capitalisation and total shares traded also increased by 6.2 percent and 12.4 percent respectively,” the Central Bank of Kenya (CBK) bulletin added.

Despite recent improvements, the NSE is still having problems; according to African-markets.com, it has had the poorest year-to-date performance of any market in Africa, down 23%.

This demonstrates that more work needs to be done in order to restore investor faith and strengthen the market’s position.

Looking at how each individual company performed last week, we can see that numerous companies made significant progress. Everready, Nation Media Group, and HF Group had the best results.

Everready’s stock price increased dramatically by an astounding 116.5%, reaching 1.71.

The share price of Nation Media Group increased significantly as well, rising 27.3 percent to 19.80.

Similarly to that, HF Group experienced a huge increase of 25.2%, hitting 4.23.

On the other side, several businesses encountered difficulties in the marketplace.

Even though Express Kenya saw an increase of 31.7%, their share price concluded the week at 3.28.