Kenya Equity Markets | 03 Nov 2015: Bearish Mood Persists …. NSE All-Share index 25bps

Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange equity trading continued in the negative region. The equity market capitalization closed at KES 1,930 billion by dropping KES 3.88 billion (c.US$38 million) or 0.20 percent from the market capitalization of KES 1,926 billion recorded at the previous trading session.

The Nairobi All Share Index sagged by 0.25 percent or 0.34 points to end at 137.27 points and the Nairobi Securities Exchange (NSE20) index sagged by 26.84 points or 0.70 percent to close at 3,829.91 points. NSE 25 index closed at 4,014.47 after dropping 0.07 percent or 2.83points. The FTSE NSE 15 index and FTSE NSE 25 sagged by 0.64 percent to end at 178.81 and slumped by 0.60 percent to close at 178.36 points respectively.

Today’s market volume of shares traded today was 45.82 million and the total turnover was up 402.02 percent to close today’s session at KES 1,022.23 million.  In term of investor types, foreign buys stood at 77.17 percent of total turnover, while foreign sales stood at 89.49 percent of total turnover.

SAFARICOM Limited was the largest mover of the day with a turnover of KES 447.25 million representing 43.75 percent of the total market turnover. Other most actively traded stocks were Kenya Commercial Bank recorded KES 205.170 million; East Africa Breweries Limited had KES 165.900 million, Equity Group Limited registered KES 56.946 million and Barclays Bank of Kenya closed with a turnover of KES 39.433 million.

From the market movers and shakers, today’s price mover was Longhorn Kenya Limited emerged as the top gainer after gaining 8.79 percent to end the day at KES 6.30.Eveready East Africa Limited grew by 7.84 percent to close the day at KES 2.75. Bamburi Cement Limited climbed by 5.00 percent to settle at KES 168.00. Also, Sameer Africa Limited surged by 4.29 percent to end at KES 3.65 and Mumias Sugar Limited closed at KES 1.55 after adding 3.33 percent.

 In the red zone, Standard Group Limited emerged as the top loser after dropping 7.03 percent to end the day at KES 29.75. SCANGROUP Limited ended at KES 24.00 after losing 5.88 percent and National Bank of Kenya Limited  sagged by 4.63 percent to trade at KES 15.45. Kenya Power & Lighting Limited waned by 4.29 percent to close at KES 13.40 and Liberty Kenya Holdings Limited slumped by 4.26 percent with a closing price of KES 19.10.

On foreign exchange market front, the Kenyan Shilling was weaker against US dollar to trade at KES 102.0099 after dropping 0.04 percent and depreciated by 0.36 percent to end at KES 157.6439 against the British pound. Kenyan Shillings gained 0.17 percent against the Euro to close at KES 112.5483 and fell by 0.18 percent against South African rand to trade at KES 7.3819.