Kenya Equity Markets | 12 Oct 2015: Kenya Equity Indices down, Market Cap drops US$12 Million …

Nairobi, Kenya Capital Markets in Africa — Kenya equity markets opened the week in bearish mood at the end of today’s trading session. The equity markets capitalization ended  at KES 1,982 billion after losing KES 13.33 billion (c.US$129 million) or 0.67 percent from the market capitalization of KES 1,996 billion recorded at previous trading session.

The Nairobi All Share Index dipped by 0.67 percent or 0.95 points to end at 140.92 points and the Nairobi Securities Exchange (NSE20) index fell by 25.85 points or 0.95 percent to close at 3,991.49 points (a level at experienced in 2012) and Nairobi Securities Exchange (NSE25) sagged by 1.11 percent to end at 4,102.19 points. The FTSE NSE 15 index went down by 0.73 percent to close at 185.11 and FTSE NSE 25 lose 0.69 percent at 185.11 points respectively.

Look at today’s market activities, volume of shares traded rose 11.93 percent to close at 18.29 million and the total turnover also went up to close at KES 544.71 million.  In term of  investor types, foreign buys stood at 83.33 percent of total turnover, while foreign sales stood at 65.52 percent of total turnover.

East Africa Breweries was the largest mover of the day with a turnover of KES 115.97 million representing 21.29 percent of the total market turnover. Other most actively traded stocks by turnover were Equity Group Limited recorded KES 98.848 million; SAFARICOM Limited recorded KES 97.405 million, Kenya Commercial Bank turnover was KES 95.967 million and Kenya Re-Insurance ended with a turnover of KES 65.901 million.

From the market movers and shakers, today’s price mover was SASINI Limited emerged as the top movers by gaining 5.28 percent to end the day at KES 16.95. Olympia Capital Holdings Limited grew by3.33 percent to close the day at KES 4.65. East Africa Portland Cement surged by 2.56 percent to settle at KES 50.00. Carbacid Investment Limited soared by 2.44 percent to end at KES 256.00 and House Finance Company Limited ended at KES 22.75 after gaining 2.25 percent.

 On the losers’ chart, Liberty Kenya Holding Limited was the biggest loser after falling by 7.91 percent to close the day at KES 19.80. Jubilee Holdings Limited traded at KES 468.00 after sagging by 5.65 percent and I&M Holdings Limited dipped by 4.95 percent to trade at KES 96.00. Atlas Development & Support Services declined by 3.23 percent with a closing price of KES 3.00 and Bamburi Cement Limited plunged by 3.18 percent to end at KES 152.00.

On foreign exchange market front, the Kenyan Shilling appreciated by 0.06 percent against US dollar to trade at KES 103.0214 and gained 0.37 percent to end at KES 157.8483 against British pound. Kenyan Shillings lost 0.64 percent against the Euro to close at KES 117.0022 but surged by 0.62 percent against South African rand to trade at KES 7.7055.