Kenya Equity Markets | 3 Sep 2015: Nairobi Securities Exchange Equity Traders dance home with 26 billion Kenyan Shillings

Nairobi, Kenya, Capital Markets in Africa — Bull was able to overturn the bear at the Nairobi Securities Exchange equity trading session. The  equity market capitalization ended at KES 2,036 billion after adding KES 25.64 billion (c.US$245 million) or 1.28 percent from the market capitalization of KES 2,001 billion recorded at previous trading session.

In addition, the Nairobi All Share Index surged by 1.83 points or 1.28 percent to end at 144.95 points and the Nairobi Securities Exchange (NSE20) index marginally rose by 0.10 points to close at 4,153.31 points. The FTSE NSE 15 index and FTSE NSE 25 remained flat at 184.23 and at 183.59 points respectively.

Look at today’s market activities, volume of shares traded declined 35.81 percent to close at 12.36 million and total turnover also dropped 38.18 percent to close at KES 391.64 million. In term of investor types, foreign buys stood at 77.93 percent of total turnover, while foreign sales stood at 21.42 percent of total turnover. CFC Stanbic was the largest mover of the day with a turnover of KES 95.670 million representing about 24.43 percent of the total market turnover. Other most actively traded stocks were Centum Investment Limited recorded KES 87.510 million; KPLC had KES 28.211 million, KCB Group registered KES 15.440 million and Equity Group ended with a turnover of KES 9.736 million.

From the market movers and shakers, today’s price mover was British-American Tobacco emerged as the top gainer after advancing by 8.54 percent to end the day at KES 750.00 after investors bought and sold 100 shares. B.O.C Kenya surged by 6.84 percent to close the day at KES 125.00. WPP Scangroup Limited soared by 6.06 percent to settle at KES 35.00. Similarly, Trans Century rose by 5.65 percent to end at KES 14.95 and Liberty ended at KES 21.00 by gaining 5.00 percent.

 On the contrary, Kakuzi emerged ended as the top loser after losing by 9.36 percent to end the day at KES 310.00. Sasini concluded at KES 15.20 by crashing by 7.88 percent and Atlas Development slid by 7.50 percent to trade at KES 5.55. Olympia Capital also somersaulted by 6.98 percent to close at KES 4.00 and Express Kenya declined by 5.81 percent with a closing price of KES 4.05.

On foreign exchange market front, the Kenyan Shilling continued to weak against US dollar to trade at KES 104.69 after depreciating by 0.44 percent and fell by 0.32 percent to end at KES 160.08 against British pound. Kenyan Shillings added 0.07 percent against the Euro to close at KES 117.56 but fell by 0.13 percent against South African rand to trade at KES 7.79.