Kenya Equity Markets | 25 Aug 2015: Kenya equity trading shed off US$489 million …

Nairobi, Kenya (Capital Markets in Africa) — At the Nairobi Securities Exchange the Bear dominated and the equity market capitalization shed off 2.47 percent or KES 50.71 billion (almost US$489 million) to end at KES 2,006 billion relative to market capitalization of KES 2,056 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index fell by 2.18 percent or 94.74 points to close at 4,242.73 points and the Nairobi All Share Index sagged by 3.60 points or 2.46 percent to settle at 142.80 points. The FTSE NSE 15 index and FTSE NSE 25 remained flat to close at 188.75 points and 187.94 points respectively.

Look at today’s market activities, volume of shares traded rose by 8.26 percent to close at 15.70mn. Total turnover also went up 6.03 percent to close at KES 309.13 million. Safaricom Kenya was the largest mover of the day with a turnover of KES 109.78 million representing 35.51 percent of the total market turnover. Other most actively traded stocks were East Africa Breweries Limited recorded KES 62.804 million; KCB Group had KES 52.107 million, Kenol Kobil registered KES 18,863 million and Equity Group with a turnover of KES 16.583 million.

From the market movers and shakers, today’s price mover was Olympia Capital emerged as the top advancer after advancing by 5.38 percent to end the day at KES 4.90. Home Afrika Limited surged by 4.88 percent to close the day at KES 2.15. Kenol Kobil soared by 3.66 percent to settle at KES 8.50. Similarly, Carbacid Investment Limited and Sasini Limited rose by 2.11 percent to end at KES 16.95 and surged by 1.77 percent to settle at KES 17.85 respectively.

Conversely, B.O.C Kenya emerged ended as the top loser after losing by 8.59 percent to end the day at KES 117.00. Kapchorua Tea concluded at KES 8.37 by crashing by 8.37 percent and Athi River slid by 7.83 percent to trade at KES 53.00. SAMEER Limited also somersaulted by 5.41 percent to close at KES 4.05. Flame Tree Holdings declined by 6.90 percent with a closing price of KES 7.00.

On foreign exchange market front, the Kenyan Shilling depreciated by 0.16 percent against US dollar to trade at KES 103.77 and declined by 0.75 percent to end at KES 163.50 against British pound. Kenyan Shillings also lost 1.35 percent against the Euro to close at KES 120.04 but rose by 1.60 percent against South African rand to trade at KES 7.86.