Kenya Equity Markets | 7 Sep 2015: Bullish mood persists on Nairobi Securities Exchange

NAIROBI, Kenya, Capital Markets in Africa — The Bull continued to conquer the equity markets and the  equity market capitalization ended at KES 2,039 billion after adding KES 14.97 billion (c.US$142 million) or 0.74 percent from the market capitalization of KES 2,023 billion recorded at previous trading session.

In addition, the Nairobi All Share Index surged by 1.o7 points or 0.74 percent to end at 145.11 points and the Nairobi Securities Exchange (NSE20) index rose by 60.32 points or 1.46 percent to close at 4,194.73 points. The FTSE NSE 15 index and FTSE NSE 25 increased by 0.04 percent to end at 187.16 and soared by 0.12 percent at 186.83 points respectively.

Look at today’s market activities, the volume of shares traded rose 9.27 percent to close at 19.13 million and  total turnover shot up by 307.98 percent to close at KES 2,244.68 million. Foreign buys stood at 98.40 percent of total turnover, while foreign sales stood at 7.42 percent of total turnover.  British-American Tobacco Kenya was the largest mover of the day with a turnover of KES 2,006.17 million representing 89.37 percent of the total market turnover.  Other most actively traded stocks were SAFARICOM recorded KES 195.382 million; KCB Group had KES 4.977 million, Cooperative Bank Kenya registered KES 4.610 million and Bamburi Cement Limited ended with a turnover of KES 3.723 million.

From the market movers and shakers, today’s price mover was I&M Holdings Limited emerged as the top gainer after advancing by 10.28 percent to end the day at KES 118.00 and  investors bought and sold 4,400 shares. KAPCHORUA surged by 10.00 percent to close the day at KES 198.00. British-American Tobacco Kenya soared by 9.91 percent to settle at KES 743.00. Also, Total Kenya Limited rose by 7.82 percent to end at KES 20.00 and Uchumi Supermarket Limited ended at KES 9.90 by adding 5.88 percent.

 On the contrary, Eveready East Africa Limited emerged ended as the top loser after losing by 8.20 percent to end the day at KES 2.80. TPS Eastern Africa (Serena) Limited concluded at KES 30.25 after crashing by 5.47 percent and Sameer Africa Limited slid by 3.53 percent to trade at KES 4.10. Atlas Development & Support Services also somersaulted by 3.00 percent to close at KES 4.85 and Flame Tree Group Holdings Limited declined by 2.99 percent with a closing price of KES 6.50.

On foreign exchange market front, the Kenyan Shilling continued to weak against US dollar to trade at KES 105.15 after depreciating by 0.44 percent and fell by 0.13 percent to end at KES 160.29 against British pound. Kenyan Shillings added 0.47 percent against the Euro to close at KES 117.00 and rose by 1.22 percent against South African rand to trade at KES 7.69.