Kenya Equity Markets | 28 Sep 2015 : Nairobi Equity Market Opens in Negative Sentiment, Lose US$28 Mill …

Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange opened the week on a negative sentiment. The equity market capitalization ended at KES 2,077 billion after losing KES 2.87 billion (c.US$27.27 million) or 0.14 percent from the market capitalization of KES 2,080 billion recorded at previous trading session.

The Nairobi All Share Index declined by 0.15 percent or 0.22 points to end at 148.10 points and the Nairobi Securities Exchange (NSE20) index sagged by 14.95 points or 0.35 percent to close at 4,206.15 points. The FTSE NSE 15 index and FTSE NSE 25 slumped by 0.34 percent to end at 196.00 and declined by 0.25 percent at 196.05 points respectively.

Look at today’s market activities, the volume of shares traded rose by 13.07 percent to close at 20.08 million and total turnover fell  by 73.60 percent to close at KES 401.18 million. In  term of investor type, foreign buys stood at 73.74 percent of total turnover, while foreign sales stood at 80.28 percent of total turnover.

Safaricom Limited was the largest mover of the day with a volume of 15,053,600 representing 74.96 percent of the total market volume. Other most actively traded stocks were Equity Group recorded 1,301,300; Co-operative Bank of Kenya Limited had 576,400, Kenya Commercial Bank registered 490,700 and KenGen Limited ended with a volume of 390,400.

From the market movers and shakers, today’s price mover was Flame Tree Group Holding Limited emerged as the top gainer after adding 8.57 percent to end the day at KES 7.60. Total Kenya Limited climbed by 7.03 percent to close the day at KES 19.80. Eveready East Africa Limited soared by 3.33 percent to settle at KES 3.10. Also, CIC Insurance Holdings Limited surged by 2.16 percent to end at KES 7.10 and  KenGen Limited closed at KES 8.35 after adding 1.21 percent.

 On the contrary, Longhorn Kenya Limited emerged as the top loser after sagging by 3.76 percent to end the day at KES 6.40.00. Mumias Sugar Company Limited settled at KES 1.90 after dropping 2.56 percent and Atlas Development & Support Services plummeted by 2.44 percent to trade at KES 4.00. Nairobi Securities Exchange declined by 2.38 percent to close at KES 20.500 and Athi River Mining slumped by 2.33 percent with a closing price of KES 42.00.

On foreign exchange market front, the Kenyan Shilling appreciated against US dollar to trade at KES 105.2440 by gaining 0.03 percent and surged by 0.34 percent to end at KES 159.8500 against British pound. However, Kenyan Shillings lost 0.08 percent against the Euro to close at KES 117.5960 but appreciated by 0.03 percent against South African rand to trade at KES 7.5873.