Kenya Equity Markets | 07 Oct 2015: Negative sentiment continues, NSE All Share 0.16% lower, NSE20 Index 0.18 up..

Nairobi, Kenya Capital Markets in Africa — Negative sentiment continued to prevail on the Nairobi Securities Exchange equity trading platform at the end of Wednesday’s trading session. As a result equity markets capitalization ended  at KES 2,007 billion after losing KES 3.17 billion (c.US$31 million) or 0.16 percent from the market capitalization of KES 2,010 billion recorded at previous trading session.

The Nairobi All Share Index sagged by 0.16 percent or 0.23 points to end at 142.70 points and the Nairobi Securities Exchange (NSE20) index rose by 7.40 points or 0.18 percent to close at 4,071.56 points. The FTSE NSE 15 index remained unchanged to close at 187.96 and FTSE NSE 25 stayed flat at 187.64 points respectively.

Look at today’s market activities, volume of shares traded soared to close at 46.79 million from 3.25 million shares traded yesterday. Total turnover also jumped to close at KES 1.73 billion.  In term of investor types, foreign buys stood at 99.58 percent of total turnover, while foreign sales stood at 92.18 percent of total turnover. Foreign investors dominated the Diamond Trust Bank Limited stock by trading a huge block of 900,000 shares at a price of 202.00.

Equity Group was the largest mover of the day with a turnover of KES 568.88 million representing 32.88 percent of the total market turnover. Among the most actively traded stocks by turnover were Kenya Commercial Bank recorded KES 512.816 million; SAFARICOM Limited had KES 234.678 million, Diamond Trust Bank Limited registered KES 196.980 million and East Africa Breweries ended with a turnover of KES 99.670 million.

From the market movers and shakers, today’s price mover was SASINI Limited emerged as the top movers by adding 6.67 percent to end the day at KES 16.00. Williamson Tea Limited added 6.02 percent to close the day at KES 370.00. Olympia Capital Holdings Limited rose by 5.56 percent to settle at KES 4.75. Liberty Kenya Holdings Limited surged by 5.26 percent to end at KES 19.00 and National Bank of Kenya ended at KES 3.63 after gaining 17.15 percent.

 On the losers’ chart, British-American Tobacco Kenya Limited top the loser table by dropping 5.13 percent to end the day at KES 758.00. SAMEER Africa Limited traded at KES 3.90 after sagging by 4.88 percent and Standard Group Limited plunged by 3.82 percent to trade at KES 31.50. Atlas Development & Support Services plummeted by 3.13 percent to end at KES 3.10 and Pan Africa Insurance Holdings Limited dropped 3.13 percent with a closing price of KES 62.00.

On foreign exchange market front, the Kenyan Shilling depreciated by 0.09 percent against US dollar to trade at KES 103.1556 and fell by 0.39 percent to end at KES 155.9081 against British pound. Kenyan Shillings plunged by 0.64 percent against the Euro to close at KES 116.0203 and lost 0.95 percent against South African rand to trade at KES 7.6624.