Market capitalisation, the counter that measures investor wealth at the Nairobi Securities Exchange (NSE), dropped to Ksh2.289 trillion when the bourse closed on May 29.
During the previous session, investor wealth had stood at Ksh2.296 trillion, after Safaricom shares had boosted total equity turnover.
Market capitalisation at the bourse refers to the sum of the market cap of all the companies on the exchange. Therefore, the companies listed on the Nairobi exchange are all worth Ksh2.289 trillion as of may 29.
For companies, market cap is arrived at by multiplying the number of shares in issue by a company with the firm’s share price. It is how Business Today came up with the list of the ten most valuable companies at the NSE.
Wednesday’s market activity also resulted in a decline in turnover, from Ksh1.5 billion yesterday to Ksh722 million.
Total deals at the bourse also fell from 1,369 previously to 906, on volumes of 45 million shares yesterday to 28 million on May 29.
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The All Share Index (NASI), which considers all the firms at the bourse, shed 0.44 points to stand at 151.33.
Meanwhile, the NSE 20 Share Index and the NSE 25 Share Index, which both consider the top 20 and top 25 companies at the exchange respectively, registered positive gains.
The NSE 20 share Index gained 20.23 points to stand at 2670.54, while the the NSE 25 Share index was up 12.21 points to stand at 3637.10.
At the Bonds market, improved activity saw bonds worth Ksh4.2 billion transacted compared to Ksh2.8 billion posted the previous session.
NSE Gainers and Decliners
The companies whose share price improved the most on the day include Car and General, Sameer Africa and Stanlib Fahari I-Reit.
Car and General drove to Ksh23, a 10% jump, with Sameer Africa at Ksh3.20 (9.59%) and Stanlib Fahari I-Reit at Ksh9.60 (8.35%).
Of the firms that slipped on Wednesday, Eveready EA led with a 6.25% drop to Ksh0.90.
Kenya Orchards, I & M Holdings, Longhorn Publishers and Nairobi Business Ventures also slumped.
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