Kenya Equity Markets | 05 Nov 2015: Bullish returns to NSE, Market Cap US$350 million, Equity Group most traded …

Nairobi, Kenya Capital Markets in Africa — Bullish returned to the Nairobi Securities Exchange equity trading at the end of Thursday’s trading session. The equity market capitalization closed at KES 1,961 billion after gaining KES 35.7 billion (c.US$350 million) or 1.86 percent from the market capitalization of KES 1,925 billion recorded at the previous trading session.

The Nairobi All Share Index gained 1.85 percent or 2.53 points to end at 139.42 points and the Nairobi Securities Exchange (NSE20) index added 37.94 points or 0.99 percent to close at 3,868.09 points. NSE 25 index closed at 4,051.07 after advancing by 1.20 percent or 48.11 points. The FTSE NSE 15 index and FTSE NSE 25 sagged by 0.28 percent to end at 177.95 and slumped by 0.16 percent to close at 177.71 points respectively.

Today’s market volume of shares traded today was 55.37 million, valued at KES 2,094.14 million up 276.21 percent from yesterday’s turnover.  In term of investor types, foreign buys stood at 81.35 percent of total turnover, while foreign sales stood at 81.03 percent of total turnover.

Equity Group was the largest mover of the day with a turnover of KES 1,153.29 million representing 55.07 percent of the total market turnover. Other most actively traded stocks were East Africa Breweries Limited recorded KES 433.208 million; SAFARICOM Limited had KES 243.894 million, Kenya Commercial Bank registered KES 124.756 million and Barclays Bank of Kenya Limited closed with a turnover of KES 48.572 million.

From the market movers and shakers, today’s price mover was Total Kenya Limited emerged as the top gainer after adding 9.57 percent to end the day at KES 18.90. Atlas Development & Support Services grew by 8.70 percent to end the day at KES 2.50. Olympia Capital Holdings Limited surged by 7.14 percent to settle at KES 4.50. Also, National Bank of Kenya Limited soared by 7.09 percent to end at KES 15.85 and CFC Stanbic Holdings Limited ended at KES 86.00 after surging by 6.17 percent.

 In the red zone, Longhorn Kenya Limited emerged as the top loser after dropping 4.60 percent to end the day at KES 3.16. Crown Berger Paint Limited closed at KES 63.00 after losing 3.08 percent and Liberty Kenya Holdings Limited fell by 2.81 percent to trade at KES 19.00. Uchumi Supermarket Limited waned by 2.37 percent to close at KES 8.25 and Carbacid Investment Limited fell by 2.35 percent with a closing price of KES 14.55.

On foreign exchange market front, the Kenyan Shilling was stronger against US dollar to trade at KES 101.9715 after adding 0.04 percent and appreciated by 0.04 percent to end at KES 156.9119 against the British pound. Kenyan Shillings gained 0.76 percent against the Euro to close at KES 110.8897 and grew by 0.65 percent against South African rand to trade at KES 7.3241.