Kenya Equity Markets | 10 Sep 2015: Nairobi Securities Exchange equity adds US$86 Mill, Kenyan Shilling wax stronger …

Nairobi, Kenya Capital Markets in Africa — On Thursday equity trading backed to green on the Nairobi Securities Exchange. The equity market capitalization ended at KES 2,053 billion after gaining KES 9 billion (c.US$85.5 million) or 0.09 percent from the market capitalization of KES 2,044 billion recorded at previous trading session.

The Nairobi All Share Index advanced by 0.48 percent or 0.68 points to end at 146.19 points but the Nairobi Securities Exchange (NSE20) index sagged by 2.11 points or 0.05 percent to close at 4,217.79 points. The FTSE NSE 15 index and FTSE NSE 25 grew by 1.03 percent to end at 192.63 and soared by 1.14 percent at 192.45 points respectively.

Look at today’s market activities, the volume of shares traded declined 69.58 percent to close at 20.38 million and total turnover dropped 53.48 percent to close at KES 537.19 million. Foreign buys stood at 86.50 percent of total turnover, while foreign sales stood at 60.22 percent of total turnover.

Barclays Bank Kenya was the largest mover of the day with a turnover of KES 132.79 million representing 24.72 percent of the total market turnover. Other most actively traded stocks were East Africa Breweries Limited recorded KES 123.402 million; Equity Group had KES 83,268 million, KCB Group registered KES 46.25 million and Safaricom ended with a turnover of KES 33.025 million.

From the market movers and shakers, today’s price mover was Express Kenya emerged as the top gainer after surging by 9.88 percent to end the day at KES 4.45 and  investors bought and sold 2,200 shares. Housing Finance Co Limited soared by 5.88 percent to close the day at KES 22.50. Mumias Sugar Company Limited added 5.41 percent to settle at KES 1.95. Also, KAKUZI rose by 4.61 percent to end at KES 295.00 and  East Africa Breweries Limited closed at KES 298.00 by adding 4.20 percent.

 On the contrary, Umeme Limited emerged as the top loser after falling by 8.31 percent to end the day at KES 16.00. National Bank of Kenya settled at KES 17.15 after  crashing by 6.03 percent and Centum Investment slumped by 5.61 percent to trade at KES 50.50. Marshalls (E.A.) Limited tumbled by 4.69 percent to close at KES 12.20 and Crown Paints sagged by 3.15 percent with a closing price of KES 61.50.

On foreign exchange market front, the Kenyan Shilling strengthen against US dollar to trade at KES 105.21 after gaining 0.18 percent and rose by 0.19 percent to end at KES 161.70 against British pound. Kenyan Shillings gained by 0.37 percent against the Euro to close at KES 117.41 and appreciated by 0.03 percent against South African rand to trade at KES 7.67.