Kenya Equity Markets | 17 Sep 2015: Equity market capitalization ends at KES 2.1 trillion by losing KES 5.5 billion ….

Nairobi, Kenya Capital Markets in Africa — The equity market capitalization closed  at KES 2,083 billion by losing KES 5.5 billion (c.US$52 million) or 0.26 percent from the market capitalization of KES 2,088 billion recorded at previous trading session.

The Nairobi All Share Index sagged by 0.27 percent or 0.40 points to end at 148.28 points and the Nairobi Securities Exchange (NSE20) index slumped by 8.32 points or 0.20 percent to close at 4,248.95 points. The FTSE NSE 15 index and FTSE NSE 25 remained steady at 197.25 and at 196.86 points respectively.

Look at today’s market activities, the volume of shares traded went down 13.50 percent to close at 16.94 million and total turnover shed off 12.74 percent to close at KES 515.21 million. From investor type viewpoint, foreign buys stood at 78.50 percent of total turnover, while foreign sales stood at 50.35 percent of total turnover.

CFC Stanbic was the largest mover of the day with a turnover of KES 117.96 million representing 22.90 percent of the total market turnover. Other most actively traded stocks were E.A. Breweries recorded KES 99.996 million; Safaricom Limited had KES 91.840 million, KCB Group registered KES 74.295 million and Barclays Bank of Kenya ended with a turnover of KES 30.124 million.

From the market movers and shakers, today’s price mover was Umeme Limited emerged as the top gainer after gaining 9.38 percent to end the day at KES 17.50 and  investors bought and sold 100 shares. Pan-Africa Insurance Holdings climbed by 9.17 percent to close the day at KES 66.50. Kakuzi Limited added 5.21 percent to settle at KES 343.00. Also, Kenya Airways rose by 3.64 percent to end at KES 5.70 and Trans Century Limited closed at KES 14.50 by adding 3.57 percent.

 On the contrary, British-American Tobacco Company Kenya emerged as the top loser after falling by 4.78 percent to end the day at KES 757.00. Equity Group Holdings settled at KES 45.50 after  crashing by 4.71 percent and Sameer Africa Limited slumped by 3.53 percent to trade at KES 4.10. Flame Tree Group Holdings tumbled by 3.36 percent to close at KES 7.20 and E.A. Cables Limited sagged by 3.35 percent with a closing price of KES 11.55.

On foreign exchange market front, the Kenyan Shilling weakens against US dollar to trade at KES 105.68 after falling by 0.05 percent and sagged by 0.75 percent to end at KES 163.82 against British pound. Kenyan Shillings gained by 0.07 percent against the Euro to close at KES 119.38 and depreciated by 1.44 percent against South African rand to trade at KES 7.95.