Kenya Equity Markets | 22 Oct 2015: : Kenya Equity Market Extends Gains … NSE All Share up 34bps

Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange continued the bullish runs, as the equity market capitalization closed at KES 1,961 billion by gaining KES 6.6 billion (c.US$64 million) or 0.34 percent from the market capitalization of KES 1,955 billion recorded at the previous trading session.

The Nairobi All Share Index gained 0.34 percent or 0.47 points to end at 139.43 points and the Nairobi Securities Exchange (NSE20) index rose by 26.61 points or 0.68 percent to close at 3,935.88 points. The NSE 25 index ended at 4,060.94 after adding 0.62 percent or 24.87 points. The FTSE NSE 15 index and FTSE NSE 25 advanced by 0.36 percent to end at 182.95 and soared by 0.26 percent to end at 182.02 points respectively.

Look at today’s market activities, the volume of shares traded dropped by 65.97 percent to close at 12.51 million and the total turnover halted at KES 447.35 million down 44.10 percent.  Foreign investors buy 82.04 percent of total turnover while foreign sales stood at 86.21 percent of total turnover. ARM traded a block of 1 million shares at a price of KES 37.50 with foreign clients purchasing the stock.

Kenya Commercial Bank was the largest mover of the day with a turnover of KES 135.48mn representing 30.29 percent of the total market turnover. Other most actively traded stocks were Equity Group Limited registered KES 94.553 million; East Africa Breweries Limited had KES 38.305 million, ATHI River Limited registered KES 37.815 million and SAFARICOM Kenya ended with a turnover of KES 30.598 million.

From the market movers and shakers, today’s price gainer was CIC Insurance Group Limited emerged as the top gainers after gaining 4.07 percent to end the day at KES 6.40. Barclays Bank of Kenya grew by 3.70 percent to close the day at KES 12.60. East Africa Breweries Limited accelerated by 3.46 percent to trade at KES 269.00. Home Afrika rose by 3.33 percent to end at KES 1.55 and Bamburi Cement Limited ended at KES160.00 after surging by 3.23 percent.

 On the contrary, Car & General Kenya Limited emerged as the top loser after dipping by 9.71 percent to trade the day at KES 39.50. Mumias Sugar Company settled at KES 1.55 after dropping 8.82 percent and Eveready East Africa Limited dropped 8.20 percent to trade at KES 2.80. East Africa Portland Cement declined by 8.16 percent to close at KES 45.00 and Express Limited slumped by 6.98 to trade at KES 4.00.

On foreign exchange market front, the Kenyan Shilling appreciated against US dollar to trade at KES 102.0997 by adding 0.02 percent and grew by 0.08 percent to close at KES 157.6744 against the British pound. Kenyan Shillings gained 0.17 percent against the Euro to close at KES 115.7869 and appreciated by 1.63 percent against South African rand to trade at KES 7.5598.