Kenya Equity Markets | 02 Nov 2015: Nairobi Equity trading opens in red, investors lose US$47 million …

Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange began the week and November on a negative and bearish sentiment. The equity market capitalization closed at KES 1,926 billion by dropping KES 4.83 billion (c.US$47 million) or 0.25 percent from the market capitalization of KES 1,932 billion recorded at the previous trading session.

The Nairobi All Share Index fell by 0.25 percent or 0.35 points to end at 136.93 points and the Nairobi Securities Exchange (NSE20) index plunged by 12.08 points or 0.31 percent to close at 3,856.75 points. NSE 25 index closed at 4,011.64 after dropping 0.35 percent or 13.91points. The FTSE NSE 15 index and FTSE NSE 25 sagged by 0.17 percent to end at 179.96 and slumped by 0.08 percent to close at 179.43 points respectively.

Today’s market volume of shares traded today was 7.82 million and the total turnover declined 45.92 percent to close today’s session at KES 203.62 million.  In term of investor types, foreign buys stood at 62.72 percent of total turnover, while foreign sales stood at 37.99 percent of total turnover.

Equity Group was the largest mover of the day with a turnover of KES 107.59 million representing 52.84 percent of the total market turnover. Other most actively traded stocks were I&M Holdings Limited recorded KES 17.709 million; Kenya Commercial Bank had KES 16.448 million, Kenya Power & Lighting Company Limited registered KES 7.791 million and British-American Investment Kenya closed with a turnover of KES 41.703 million.

From the market movers and shakers, today’s price mover was Flame Tree Group Holdings Limited emerged as the top gainer after adding9.57 percent to end the day at KES 6.30. Standard Group Limited advanced by 9.40 percent to close the day at KES 32.00. SCANGROUP Limited added 7.37 percent to settle at KES 25.50. Also, Marshalls East Africa Limited surged by 4.80 percent to end at KES 13.10 and SASINI Limited closed at KES 16.40 after adding 4.79 percent.

 On the contrary, Trans-Century Limited emerged as the top loser after losing 9.70 percent to end the day at KES 12.10. B.O.C Kenya ended at KES 100.00 after dropping 9.09 percent and KenolKobil Limited  plummeted by 6.32 percent to trade at KES 8.15. TOTAL Kenya sagged by 8.00 percent to close at KES 17.25 and Kenya Power & Lighting slumped by 6.67 percent with a closing price of KES 14.00.

On foreign exchange market front, the Kenyan Shilling was weaker against US dollar to trade at KES 101.9657 after dropping 0.16percent and depreciated by 0.94 percent to end at KES 157.0739 against the British pound. Kenyan Shillings lost 1.03 percent against the Euro to close at KES 112.7392 and fell by 0.16 percent against South African rand to trade at KES 7.3690.