Kenya Equity Markets | 04 Nov 2015: Equity Market Capitalization US$45 million down, Kenyan Shillings stronger …

Nairobi, Kenya Capital Markets in Africa — On  Wednesday, the equity market capitalization closed at KES 1,925 billion after losing KES 4.54 billion (c.US$44.5 million) or 0.24 percent from the market capitalization of KES 1,930 billion recorded at the previous trading session.

The Nairobi All Share Index sagged by 0.28 percent or 0.38 points to end at 136.89 points but the Nairobi Securities Exchange (NSE20) index marginally gained 0.24 points or 0.01 percent to close at 3,830.15 points. NSE 25 index closed at 4,002.96 after losing 0.29 percent or 11.51 points. The FTSE NSE 15 index and FTSE NSE 25 sagged by 0.20 percent to end at 178.45 and slumped by 0.21 percent to close at 177.99 points respectively.

Today’s market volume of shares traded today was 20.87 million with a total turnover of KES 566.64 million down 45.55 percent from yesterday.  In term of investor types, foreign buys stood at 56.98 percent of total turnover, while foreign sales stood at 52.06 percent of total turnover.

Nairobi Securities Exchange was the largest mover of the day with a turnover of KES 171.70mn representing 30.85 percent of the total market turnover. Other most actively traded stocks were Equity Group recorded KES 86.452 million; East Africa Breweries Limited had KES 61.105 million, Kenya Commercial Bank registered KES 57.661 million and SAFARICOM Limited closed with a turnover of KES 57.661 million.

From the market movers and shakers, today’s price mover was Trans-Century Limited emerged as the top gainer after adding 9.09 percent to end the day at KES 13.20.Nairobi Securities Exchange advanced by 8.42 percent to close the day at KES 25.75. Eveready East Africa Limited jumped by 7.27 percent to settle at KES 2.95. Also, Carbacid Investment Limited soared by 4.56 percent to end at KES 14.90 and Atlas Development & Support Services ended at KES 2.30 after surging by 4.55 percent.

 In the red zone, Flame Tree Group Holdings Limited emerged as the top loser after dropping 4.76 percent to end the day at KES 6.00. National Bank of Kenya ended at KES 14.80 after losing 4.21 percent and Longhorn Kenya Limited fell by 4.04 percent to trade at KES 4.75. Uchumi Supermarket Limited waned by 3.43 percent to close at KES 8.45 and Kenya Power & Lighting fell by 2.99 percent with a closing price of KES 13.00.

On foreign exchange market front, the Kenyan Shilling was stronger against US dollar to trade at KES 102.0086 after adding 0.001 percent and appreciated by 0.42 percent to end at KES 156.9803 against the British pound. Kenyan Shillings gained 0.72 percent against the Euro to close at KES 111.7428 and grew by 0.14 percent against South African rand to trade at KES 7.3718.