Kenya Equity Markets | 08 Oct 2015: Losses Continue to the Seventh Day… NSE ASI down 0.21%…

Nairobi, Kenya Capital Markets in Africa — The Nairobi Securities Exchange equity markets have been in the red zone for seven consecutive trading days at the end of today’s trading session. The equity markets capitalization ended  at KES 2,003 billion after losing KES 4.25 billion (c.US$41 million) or 0.21 percent from the market capitalization of KES 2,007 billion recorded at previous trading session.

The Nairobi All Share Index slacked by 021 percent or 0.30 points to end at 142.40 points and the Nairobi Securities Exchange (NSE20) index sagged by 30.21 points or 0.74 percent to close at 4,041.35 points and Nairobi Securities Exchange (NSE25) plunged by 0.39 percent to end at 4,175.19 points. The FTSE NSE 15 index fell by 0.20 percent to close at 187.58 and FTSE NSE 25 sagged by 0.19 percent at 187.58 points respectively.

Look at today’s market activities, volume of shares traded dropped 77.49 percent to close at 10.53 million and the total turnover also went down to close at KES 276.55 billion. In term of investor types, foreign buys stood at 75.39 percent of total turnover, while foreign sales stood at 34.94 percent of total turnover and foreign buyers become net buyers of Liberty Kenya Holdings Limited.

SAFARICOM Limited was the largest mover of the day with a turnover of KES 45.70 million representing 16.53 percent of the total market turnover. Other most actively traded stocks by turnover were East Africa Breweries Limited recorded KES 41.257 million; Kenya Commercial Bank recorded KES 37.845 million, Equity Group turnover was KES 30.812 million and Nairobi Securities Exchange ended with a turnover of KES 21.790 million.

From the market movers and shakers, today’s price mover was Liberty Kenya Holdings Limited emerged as the top movers by adding 10.00 percent to end the day at KES 22.00. Trans-Century Limited gathered 9.85 percent to close the day at KES 14.50. Standard Group Limited topped up by 7.94 percent to settle at KES 34.00. Williamson Tea Limited surged by 7.03 percent to end at KES 396.00 and Kenya Re-Insurance Holdings Limited ended at KES 19.05 after gaining4.96 percent.

 On the losers’ chart, Bamburi Cement Limited top the loser table by dropping 5.42 percent to end the day at KES 157.00. The Co-operative Bank of Kenya Limited traded at KES 17.55 by dropping 2.77 percent and Mumias Sugar Company Limited sagged by 2.63 percent to trade at KES 1.85. UNGA Group Limited plummeted by 2.33 percent to end at KES 42.00 and Olympia Capital Holdings Limited tumbled by 2.11 percent with a closing price of KES 4.65.

On foreign exchange market front, the Kenyan Shilling depreciated by 0.16 percent against US dollar to trade at KES 103.3171 and fell by 0.80 percent to end at KES 158.1708 against British pound. Kenyan Shillings sagged by 0.14 percent against the Euro to close at KES 116.1786 but added 0.24 percent against South African rand to trade at KES 7.6443.