Kenya Equity Markets | 29 Oct 2015: Positive momentum stays on, All Share index ends higher …

Nairobi, Kenya Capital Markets in Africa — The equity market capitalization ended at KES 1,942 billion by adding KES 1.25 billion (c.US$12 million) or 0.06 percent from the market capitalization of KES 1,941 billion recorded at the previous trading session.

The Nairobi All Share Index surged by 0.06 percent or 0.08 points to end at 138.07 points but the Nairobi Securities Exchange (NSE20) index sagged by 21.75 points or 0.56 percent to close at 3,884.13 points. NSE 25 index closed at 4,059.32 after adding 0.91 percent.

Today’s market volume of shares traded today was 93.41 million and the total turnover jumped 268.88 percent to close the day at KES 3,626.56 million.  In term of investor types, foreign buys stood at 8.48 percent of total turnover, while foreign sales stood at 9.29 percent of total turnover. Local Investors traded a block of 73 million equity shares at a price 45.00.Barclays bank traded a block of 4 million shares at a price 12.70 with foreign investors purchasing the stock.

Equity Group was the largest mover of the day with a turnover of KES 3,275.476 million representing 90.32 percent of the total market turnover. Other most actively traded stocks were SAFARICOM recorded KES 85.391 million; British-American Investment Kenya had KES 68.325 million, Barclays Bank of Kenya registered KES 53.928 million and Kenya Commercial Bank closed with a turnover of KES 41.703 million.

From the market movers and shakers, today’s price mover was Equity Group Limited emerged as the top gainer after gaining 9.15 percent to end the day at KES 44.75. National Bank Kenya jumped by 5.69 percent to close the day at KES 15.80. Atlas Development & Support Services Limited added 2.33 percent to settle at KES 2.20. Also, Crown Berger Paint Limited gained 1.63 percent to end at KES 62.50 and Housing Finance Limited closed at KES 20.50 after adding 1.23 percent.

 On the contrary, KAKUZI Limited emerged as the top loser after losing 9.09 percent to end the day at KES 300.00. Eveready East Africa Limited closed at KES 2.50 after losing 9.09 percent and Jubilee Holdings Limited  plummeted by 7.59 percent to trade at KES 414.00. CFC Stanbic Holdings Limited declined by 6.90 percent to close at KES 81.00 and UNGA Group Limited slumped by 6.80 percent with a closing price of KES 34.25.

On foreign exchange market front, the Kenyan Shilling was stronger against US dollar to trade at KES 101.56 after adding 0.08 percent and appreciated by 0.34 percent to end at KES 155.00 against the British pound. Kenyan Shillings added 0.34 percent against the Euro to close at KES 110.97 and appreciated by 0.45 percent against South African rand to trade at KES 7.39.