Kenya Equity Markets | 27 Oct 2015: Bear reigns on NSE equity market, All Share index 30bps down …

Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange continued to walk toward the southern region at the end of Tuesday’s trading session. The equity market capitalization ended at KES 1,939 billion after dropping KES 6 billion (c.US$59 million) or 0.31 percent from the market capitalization of KES 1,945 billion recorded at the previous trading session.

The Nairobi All Share Index declined by 0.30 percent or 0.42 points to end at 137.86 points and the Nairobi Securities Exchange (NSE20) index sagged by 23.09 points or 0.59 percent to close at 3,913.51 points. Also, NSE 25 index closed at 4,027.72 after dipping by 0.47 percent. The FTSE NSE 15 index and FTSE NSE 25 sagged by 1.19 percent to end at 180.42 and declined by 1.23 percent at 182.02 points respectively.

Today’s market volume of shares traded today was 11.72 million a 13.16 percent rise and the total turnover also rose ending the day at KES 744.77 million. In term of investor types, foreign investors bought about 89.22 percent of total turnover, while foreign investors sold 78.21 percent of total turnover.

East Africa Breweries Limited was the largest mover of the day with a turnover of KES 521.349 million representing 70.00 percent of the total market turnover. Other most actively traded stocks were SAFARICOM recorded KES 76.247 million; EQUITY Group Limited had KES 56.965 million, Kenya Commercial Bank registered KES 15.400 million and British-American Tobacco Kenya closed with a turnover of KES 14.285 million.

From the market movers and shakers, today’s price mover was Eveready East Africa Limited occupied the top gainer after adding 5.45 percent to end the day at KES 2.90. Longhorn Kenya Limited jumped by 5.32 percent to end the day at KES 4.95. Express Limited surged by 5.00 percent to settle at KES 4.20. Also, Uchumi Supermarket Limited advanced by 4.44 percent to trade at KES 9.40 and  Williamson Tea Kenya Limited ended at KES 360.00 after gaining 2.56 percent.

 On the contrary, Atlas Development & Support Services emerged as the top loser after sagging by 6.52 percent to end the day at KES 2.15. Total Kenya Limited settled at KES 18.35 after dipping by 6.38 percent and Home Afrika Limited plunged by 3.23 percent to trade at KES 1.50. Mumias Sugar Company Limited sagged by 3.03 percent to close at KES 1.60 and Nation Media Group Limited slipped by 2.92 percent with a closing price of KES 133.00.

On foreign exchange market front, the Kenyan Shilling appreciated against US dollar to trade at KES 101.6613 by gaining 0.49 percent and surged by 0.47 percent to end at KES 156.1286 against British pound. Kenyan Shillings added 0.53 percent against the Euro to close at KES 112.4025 and appreciated by 0.82 percent against South African rand to trade at KES 7.4416.