Kenyan companies shut to KSh 2 trillion cost amidst bullish inventory market in unique one year
- The Nairobi Securities Alternate (NSE) market capitalisation rose to KSh 1.999 trillion on January 6, 2025, gaining KSh 47 billion within the one year
- Top gainers included ScanGroup Restricted and Britam Holdings, with fragment ticket will enhance of 9.96% and 9.22%, respectively, whereas Crown Paints Kenya led the decliners with a 9.ninety nine% topple
- Kenya Airways returned to shopping and selling after a suspension since 2020, gaining 60% in early shopping and selling to hit a six-one year high of KSh 6 per fragment earlier than closing at KSh 4.05
Elijah Ntongai, a journalist at TUKO.co.ke, has extra than three years of financial, alternate, and technology research and reporting abilities, providing insights into Kenyan and world traits.
The Nairobi Securities Alternate (NSE) persisted its definite trajectory on Monday, January 6, 2025.
Source: UGC
At the shut of the shopping and selling session, the market capitalisation (full cost of all listed shares) used to be KSh 1.999 trillion, up by KSh 31 billion from the old session on Friday, 3. Notably, the market cap won KSh 16 billion on Friday, as a consequence of this truth a KSh 47 billion fabricate so a long way in 2025.
The NSE All-Allotment Index (NASI) rose to 127.28 facets, a 0.73% enhance, with a one year-to-date (YTD) growth of three.1%. The NSE 20 Allotment Index inched larger by 0.33%, settling at 2,095.88 facets, whereas the NSE 25 Allotment Index won 0.32% to shut at 3,494.82 facets.
Top gainers and losers at Nairobi Securities Alternate
The kill gainers within the center of the session included ScanGroup Restricted, whose fragment ticket elevated by 9.96% to KSh 2.54, and Britam Holdings Restricted, which climbed 9.22% to KSh 6.16. Jubilee Holdings Restricted and Kenya Energy also posted stable performances, gaining 8.13% and eight.09%, respectively.
Conversely, Crown Paints Kenya led the losers’ chart with a 9.ninety nine% decline to KSh 32.00, adopted by Fashionable Team Restricted, which dropped 9.80% to KSh 5.00. Diversified primary decliners included EA Portland Cement and Nation Media Team, which shed 8.25% and 5.72%, respectively.
Shopping and selling job at Nairobi Securities Alternate
The equity turnover saw a dramatic enhance of 288.9%, reaching KSh 801.21 million when put next with KSh 206 million recorded on January 3 whereas the quantity traded also rose vastly by 76.9%, with 39.51 million shares.
Foreign places investor job used to be prominent, with foreign buys amounting to KSh 167.79 million, a 395.1% enhance, whereas foreign sales skyrocketed to KSh 576.94 million, representing a 1,460.1% surge.
The bonds market also saw heightened job, with turnover leaping by 148.3% to KSh 2.21 billion, extra underscoring the final market momentum.
Kenya Airways shares shopping and selling returns
The bullish efficiency of the NSE has been vastly boosted by the stable return of shopping and selling on the Kenya Airways shares, which were suspended in 2020.
As earlier reported by TUKO.co.ke, the Capital Markets Authority lifted the suspension efficient on January 5, 2025, following the firm’s fresh efficiency and the withdrawal of the National Aviation Administration Bill 2020.
Right by the predominant shopping and selling session on Monday 6, Kenya Airways won about 60%, which is a six-one year high of KSh 6 per fragment, earlier than closing the market at KSh 4.05.
Proofreading by Otukho Jackson, a multimedia journalist and replica editor at TUKO.co.ke
Source: TUKO.co.ke
