Kenya Equity Markets | 16 Sep 2015: Kenya equity markets witness the bear, investors value US$62 down

Nairobi, Kenya Capital Markets in Africa — The equity market capitalization closed  at KES 2,088 billion by losing KES 6.5 billion (c.US$62 million) or 0.31 percent from the market capitalization of KES 2,095 billion recorded at previous trading session.

The Nairobi All Share Index sagged by 0.31 percent or 0.46 points to end at 148.68 points but the Nairobi Securities Exchange (NSE20) index rose by 6.67 points or 0.16 percent to close at 4,257.27 points. The FTSE NSE 15 index and FTSE NSE 25 grew by 0.16 percent to end at 197.25 and soared by 0.11 percent at 196.86 points respectively.

Look at today’s market activities, the volume of shares traded dropped 21.64 percent to close at 19.585 million and total turnover went down 2.56 percent to close at KES 590.464 million. From investor type viewpoint, foreign buys stood at 76.37 percent of total turnover, while foreign sales stood at 53.34 percent of total turnover.

KCB Group was the largest mover of the day with a turnover of KES 124.299 million representing 21 percent of the total market turnover. Other most actively traded stocks were Equity Group Holdings Limited recorded KES 112.017 million; Safaricom Limited had KES 90.352 million, British-American Tobacco Limited registered KES 62.234 million and East Africa Breweries ended with a turnover of KES 49.710 million.

From the market movers and shakers, today’s price mover was Kakuzi Kenya Limited emerged as the top gainer after adding 9.76 percent to end the day at KES 326.00 and  investors bought and sold 2,200 shares. Sasini Limited climbed by 7.40 percent to close the day at KES 16.70. Flame Tree Group Holdings added 6.43 percent to settle at KES 7.45. Also, Nairobi Securities Exchange rose by 5.00 percent to end at KES 21.00 and  Uchumi Supermarket Limited closed at KES 9.95 by adding 4.74 percent.

 On the contrary, Atlas Development & Support Services ended as the top loser after falling by 8.86 percent to end the day at KES 3.60. Pan-Africa Insurance Holdings settled at KES 60.00 after  crashing by 8.40 percent and Car & General slumped by 7.14 percent to trade at KES 39.00. E.A Portland Cement tumbled by 5.66 percent to close at KES 50.00 and Crown Paints sagged by 4.15 percent with a closing price of KES 55.50.

On foreign exchange market front, the Kenyan Shilling weakens against US dollar to trade at KES 105.63 after falling by 0.24 percent and sagged by 0.11 percent to end at KES 162.59 against British pound. Kenyan Shillings gained by 0.25 percent against the Euro to close at KES 119.46 and depreciated by 0.38 percent against South African rand to trade at KES 7.84.