NSE best and worst performing stocks of 2023

Nairobi Securities Exchange

The Nairobi Securities Exchange.

Photo credit: File | Nation Media Group

What you need to know:

  • Kapchorua, the second top gainer, declared an interim dividend of Sh10 paid out to investors on December 13.
  • Safaricom was the most traded counter as many foreigners exited in search of a better return on investment.

Uganda-based energy utility Umeme Limited, cross-listed on the Nairobi Securities Exchange (NSE), delivered the highest returns to investors last year as its share price rose by 115.6 per cent.

The stock more than doubled in price from Sh7.42 to Sh16 in the 12 months to December 2023, putting it at the apex of the market ahead of Kapchorua Tea, whose share price was up by 89.8 per cent and Kenya Orchards, whose stock gained by 87.5 per cent to close at Sh19.50 from Sh10.40.

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Note: The results are not exact but very close to the actual.