Kenya Equity Markets | 26 Oct 2015: Investors show cold shoulder, market capitalization US$174 million lower …

Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange equity markets started the week in a negative sentiment. The equity market capitalization ended at KES 1,945 billion after down by KES 17.76 billion (c.US$174 million) or 0.90 percent from the market capitalization of KES 1,963 billion recorded at the previous trading session.

The Nairobi All Share Index sagged by 0.90 percent or 1.26 points to end at 138.28 points and the Nairobi Securities Exchange (NSE20) index plunged by 16.37 points or 0.41 percent to close at 3,936.60 points. Also, NSE 25 index closed at 4,046.60 after falling by 0.43 percent. The FTSE NSE 15 index and FTSE NSE 25 remained flat to end at 182.59 and at 182.02 points respectively.

Today’s market volume of shares traded today was 10.36 million and the total turnover stood at KES 199.25mn down 79.92 percent. Also, foreign investors accounted for about 73.42 percent of total turnover, while foreign sales stood at 43.55 percent of total turnover.

SAFARICOM Limited was the largest mover of the day with a turnover of KES 61.60 million representing 30.92 percent of the total market turnover. Other most actively traded stocks were Kenya Commercial Bank recorded KES 47.340 million; EQUITY Group Limited had KES 23.859 million, Nairobi Securities Exchange registered KES 16.789 million and Kenya Re-Insurance Limited closed with a turnover of KES 7.927 million.

From the market movers and shakers, today’s price mover was Liberty Kenya Holdings Limited emerged as the top gainer after adding 4.59 percent to end the day at KES 20.50. Carbacid Investment Limited climbed by 3.87 percent to close the day at KES 14.75. UNGA Group Limited soared by 2.78 percent to settle at KES 37.00. Also, NIC Bank Limited surged by 2.63 percent to end at KES 39.00 and British-American Investments Company Limited closed at KES 16.50 after adding 1.54 percent.

 On the contrary, Longhorn Kenya Limited emerged as the top loser after sagging by 9.62 percent to end the day at KES 4.70. Uchumi Supermarket Limited settled at KES 9.00 after dropping 4.26 percent and Olympia Capital Holdings plummeted by 4.21 percent to trade at KES 4.55. Eveready East Africa Limited declined by 3.51 percent to close at KES 2.75 and SAFARICOM Limited slumped by 3.01 percent with a closing price of KES 14.50.

On foreign exchange market front, the Kenyan Shilling depreciated against US dollar to trade at KES 102.1572 by depreciating by 0.13 percent but appreciated by 0.26 percent to end at KES 156.8700 against the British pound. Kenyan Shillings added 0.71 percent against the Euro to close at KES 113.0069 and appreciated by 1.62 percent against South African rand to trade at KES 7.5033.