Kenya Equity Markets | 09 Nov 2015: Positive sentiment opens the markets, investors gain US$64 million …

Nairobi, Kenya Capital Markets in Africa — Positive sentiment opened the week at the Nairobi Securities Exchange equity trading session after key indices ended higher and shareholder value increased. The equity market capitalization closed at KES 1,978 billion after adding KES 6.51 billion (c.US$63.6 million) or 0.33 percent from the market capitalization of KES 1,971 billion recorded at the previous trading session.

The Nairobi All Share Index rose by 0.33 percent or 0.46 points to end at 140.64 points and the Nairobi Securities Exchange (NSE20) index added 0.27 points or 0.01 percent to close at 3,892.84 points. NSE 25 index closed at 4,090.82 after surging by 0.37 percent or 15.27 points. The FTSE NSE 15 index and FTSE NSE 25 remained unchanged to end at 180.86 and 180.59 points respectively.

Today’s market volume of shares traded today was 10.87 million, valued at KES 269.96 million down 44.82 percent from Friday’s turnover. In term of investor types, foreign buys stood at 64.18 percent of total turnover, while foreign sales stood at 74.06 percent of total turnover.

East Africa Breweries Limited was the largest mover of the day with a turnover of KES 85.43mn representing 31.64 percent of the total market turnover.  Other most actively traded stocks were SAFARICOM Limited recorded KES 44.223 million; Kenya Commercial Bank registered KES 37.962 million, Co-Operative Bank registered KES 27.988  million and Centum Investment Limited closed with a turnover of KES 20.437 million.

From the market movers and shakers, today’s price mover was Bamburi Cement Limited emerged as the top gainer after adding 5.45 percent to end the day at KES 174.00. EAAGADS Limited surged by 4.85 percent to end the day at KES 27.00. Longhorn Kenya Limited soared by 4.21 percent to settle at KES 4.95. Also, Atlas Development & Support Services soared by 3.64 percent to end at KES 2.85 and Liberty Kenya Holdings Limited closed at KES 19.45 after surging by 3.18 percent.

 In the negative district, Uchumi Supermarket Limited emerged as the top loser after dropping 7.02 percent to end the day at KES 7.95. SASINI Limited ended at KES 3.10 after losing 15.65 percent and Nairobi Securities Exchange fell by 2.78 percent to trade at KES 26.25. Kenya Re-Insurance waned by 2.68 percent to close at KES 19.95 and Olympia Capital Holdings Limited fell by 2.30 percent with a closing price of KES 4.25.

On foreign exchange market front, the Kenyan Shilling was weaker against US dollar to trade at KES 102.2398 after losing 0.11 percent but depreciated by 1.05 percent to end at KES 154.1947 against the British pound. Kenyan Shillings gained 1.13 percent against the Euro to close at KES 109.7297 and fell by 0.11 percent against South African rand to trade at KES 7.3409.