Kenya Equity Markets | 23 Sep 2015: Equity gains KES 3.2 Billion, All Share index higher

Nairobi, Kenya Capital Markets in Africa — On Wednesday, the equity market capitalization closed  at KES 2,069 billion after gaining KES 3.20 billion (c.US$30.3 million) or 0.15 percent from the market capitalization of KES 2,066 billion recorded at previous trading session.

The Nairobi All Share Index added 0.16 percent or 0.23 points to end at 147.52 points but the Nairobi Securities Exchange (NSE20) index slumped by 4.84 points or 0.11 percent to close at 4,207.27 points. The FTSE NSE 15 index and FTSE NSE 25 surged by 0.42 percent to end at 194.49 and tumbled by 0.44 percent or 0.85 points at 194.22 points respectively.

Look at today’s market activities, the volume of shares traded shed off 8.61 percent to close at 14.74mn and the total turnover fell by 45.48 percent to close at KES 273.11 million. In term of investor types, foreign buys stood at 76.60 percent of total turnover, while foreign sales stood at 47.56 percent of total turnover.

Safaricom was the largest mover of the day with a turnover of KES 136.32mn representing 49.92 percent of the total market turnover.  Other most actively traded stocks were Kenya Power recorded KES 24,000 million; CFC STANBIC Kenya traded KES 23.931 million, East Africa Breweries Limited recorded KES 16.008 million and Housing Finance ended with a turnover of KES 10.675 million.

From the market movers and shakers, today’s price mover was Atlas Development & Support Services emerged as the top gainer by adding 3.75 percent to end the day at KES 4.15 after investors bought and sold 15,200 shares. National Media Group climbed by 5.45 percent to close the day at KES 150.00 with 1,600 traded volume. Nairobi Securities Exchange soared by 1.22 percent to settle at KES 20.75. Liberty Kenya Holdings Limited climbed by 1.19 percent to end at KES 21.25 and NIC Bank Limited closed at KES 43.25 after gaining 1.17 percent with investors exchanging 111,300.

 On the losers’ chart, Williamson Tea Kenya Limited top the top loser table by dropping 8.45 percent to end the day at KES 336.00. Carbacid Investment Limited settled at KES 14.25 after sagging by 8.36 percent and Olympia Capital Holdings Limited fell by6.32 percent to trade at KES 4.45. Flame Tree Group Holdings Limited plummeted by 5.92 percent to end at KES 7.15 and East Africa Portland Cement Limited plunged by 3.64 percent with a closing price of KES 53.00.

On foreign exchange market front, the Kenyan Shilling weaker against US dollar to trade at KES 105.56 after falling by 0.19 percent and rose by 0.68 percent to end at KES 162.30 against British pound. Kenyan Shillings gained by 0.17 percent against the Euro to close at KES 117.71 and depreciated by 1.98 percent against South African rand to trade at KES 7.68.