Kenya Equity Markets | 24 Sep 2015: Kenya Stock Maintains Uptrend, All Share index 0.53% Higher

Nairobi, Kenya Capital Markets in Africa — The equity market capitalization closed  at KES 2,080 billion after adding KES 11.05 billion (c.US$105 million) or 0.53 percent from the market capitalization of KES 2,069 billion recorded at previous trading session.

The Nairobi All Share Index added 0.53 percent or 0.78 points to end at 148.30 points and the Nairobi Securities Exchange (NSE20) index advanced by 15.28 points or 0.36 percent to close at 4,227.55 points. The FTSE NSE 15 index and FTSE NSE 25 surged by 0.31 percent to end at 195.09 and rose by 0.30 percent or 0.59 points at 194.81 points respectively.

Look at today’s market activities, volume of shares traded shaved off 19.91 percent to close at 14.74 million and the total turnover went up 12.05 percent to close at KES 306.03 million. In term of investor types, foreign buys stood at 77.82 percent of total turnover, while foreign sales stood at 54.31 percent of total turnover.

Equity Group was the largest mover of the day with a turnover of KES 118.76mn representing 38.81 percent of the total market turnover. Other most actively traded stocks were Kenya Commercial Bank recorded KES 73.478 million; SAFARICOM Limited traded KES 51.916 million, NIC Bank Limited recorded KES 10.292 million and ATHI River Limited ended with a turnover of KES 7.028 million.

From the market movers and shakers, today’s price mover was Williamson Tea Kenya Limited emerged as the top gainer by adding 9.82 percent to end the day at KES 369.00 after investors bought and sold 100 shares. Flame Tree Group Holdings Limited climbed by 6.29 percent to close the day at KES 7.60 with 200 traded volumes. Home Afrika Limited soared by 5.88 percent to settle at KES 1.80. Housing Finance climbed by 5.75 percent to end at KES 23.00 and Tran-Century Limited closed at KES 13.50 after gaining 5.47 percent with investors exchanging 100.

 On the losers’ chart, Standard Group Limited top the top loser table by dropping 8.09 percent to end the day at KES 31.25. Atlas Development & Support Services settled at KES 4.00 after sagging by 3.61 percent and Mumias Sugar Company plunged by 2.63 percent to trade at KES 1.85. Crown Berger Paint Limited plummeted by 2.52 percent to end at KES 58.00 and Nation Media Group sagged by 2.00 percent with a closing price of KES 147.00.

On foreign exchange market front, the Kenyan Shilling stayed flat against US dollar to trade at KES 105.56 but appreciated by 0.73 percent to end at KES 161.11 against British pound. Kenyan Shillings fell by 0.14 percent against the Euro to close at KES 117.87 but remained unchanged against South African rand to trade at KES 7.68.