Kenya Equity Markets | 19 Oct 2015: Nairobi Securities Exchange All Share index 0.78% up, Market capitalization US$148 million higher …

Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange stock markets began the week on a bullish mood, as a result the equity market capitalization ended at KES 1,941 billion after gaining KES 15.2 billion (c.US$148 million) or 0.79 percent from the market capitalization of KES 1,926 billion recorded at previous trading session.

The Nairobi All Share Index went up by 0.78 percent or 1.07 points to end at 138.01 points and the Nairobi Securities Exchange (NSE20) index surged by 291.19 points or 0.75 percent to close at 3,930.32 points. Also, NSE 25 index closed at 4,013.56 after adding 0.90 percent or 35.87 points. The FTSE NSE 15 index and FTSE NSE 25 advanced by 1.17 percent to end at 180.57 and soared by 2.01 percent to end at 180.04 points respectively.

Look at today’s market activities, the volume of shares traded shed off 37.11 percent to close at 18.23 million and the total turnover also dropped 56.62 percent to close at KES 503.93 million. Nairobi Securities Exchanges was the largest mover of the day with a turnover of KES 248.66 million representing 49.34 percent of the total market turnover. Other most actively traded stocks were East Africa Breweries Limited registered KES 54.294 million; British-American Tobacco Kenya had KES 54.155 million, Co-operation Bank of Kenya registered KES 20.694 million and SAFARICOM Kenya ended with a turnover of KES 29.910 million.

From the market movers and shakers, today’s price mover was Car & General Kenya Limited emerged as the top gainers after gaining 9.38 percent to end the day at KES 43.75. Nairobi Securities Exchanges surged by 6.74 percent to close the day at KES 23.75. Kenya Power & Lighting Company Limited jumped by 4.52 percent to trade at KES 15.95. Also, Housing Finance Company Limited gained 3.61 percent to end at KES 21.50 and Mumias Sugar Company Limited ended at KES 1.75 after surging by 2.94 percent.

 On the contrary, Atlas Development & Support Services emerged as the top loser after dipping by 6.00 percent to trade the day at KES 2.35. Express Limited settled at KES 4.30 after dropping 5.49 percent and Olympia Capital Holdings Limited sagged by 4.26 percent to trade at KES 4.50. Uchumi Supermarket Limited dropped 4.23 percent to close at KES 9.05 and Jubilee Holdings Limited slacked by 4.07 to trade at KES 401.00

On foreign exchange market front, the Kenyan Shilling appreciated against US dollar to trade at KES 102.4563 by adding 0.58 percent and grew by 0.84 percent to close at KES 158.1636 against British pound. Also, Kenyan Shillings gained 0.83 percent against the Euro to close at KES 116.4025 and appreciated by 0.22 percent against South African rand to trade at KES 7.8360.