Kenya Equity Markets | 09 Oct 2015: Kenya Equity Stays in Red, Investors Lose US$73 Mill, Indices down…

Nairobi, Kenya Capital Markets in Africa — It all red at the Nairobi Securities Exchange equity markets this week after the equity markets capitalization ended  at KES 1,996 billion after losing KES 7.54 billion (c.US$73 million) or 0.38 percent from the market capitalization of KES 2,003 billion recorded at previous trading session.

The Nairobi All Share Index slumped by 0.37 percent or 0.53 points to end at 141.87 points and the Nairobi Securities Exchange (NSE20) index sagged by 24.01 points or 0.59 percent to close at 4,017.34 points and Nairobi Securities Exchange (NSE25) plummeted by 0.64 percent to end at 4,148.28 points. The FTSE NSE 15 index went down by 0.59 percent to close at 186.47 and FTSE NSE 25 lose 0.63 percent at 186.00 points respectively.

Look at today’s market activities, volume of shares traded gained 55.21 percent to close at 16.34 million and the total turnover also went up to close at KES 391.595 billion.

SAFARICOM Limited was the largest mover of the day with a volume of 4,555,600 representing 27.87 percent of the total volume. Other most actively traded stocks by volume were Scan Group Limited recorded 3,006,800; Kenya Commercial Bank recorded 2,294,700, Liberty Kenya Holdings Limited volume was 1,205,700 and Kenya Power & Lighting Company ended with a volume of 1,034,300.

From the market movers and shakers, today’s price mover was Express Limited emerged as the top movers by adding 8.33 percent to end the day at KES 4.55. B.O.C. Kenya Limited grew by 4.46 percent to close the day at KES 117.00. Standard Chartered Bank soared by 2.21 percent to settle at KES 221.00. Housing Finance Company Limited surged by 1.14 percent to end at KES 22.25 and British-American Investment Company Kenya ended at KES 15.85 after gaining 0.96 percent.

 On the losers’ chart, SCANGROUP Limited top the loser table by losing 6.90 percent to end the day at KES 27.00. Standard Group Limited traded at KES 32.00 after sagging by 5.88 percent and Crown Berger Limited slacked by 5.51 percent to trade at KES 60.00.Carbacid Investment Limited plummeted by 3.69 percent to end at KES 14.35 and Nairobi Securities Exchange somersaulted by 3.49 percent with a closing price of KES 20.75.

On foreign exchange market front, the Kenyan Shilling appreciated by 0.23 percent against US dollar to trade at KES 103.0828 and fell by 0.16 percent to end at KES 158.4292 against British pound. Kenyan Shillings lost 0.07 percent against the Euro to close at KES 116.2542 and sagged by 1.43 percent against South African rand to trade at KES 7.7533.