Kenya Equity Markets | 8 Sep 2015: Bull persists on Nairobi Securities Exchange, investors gain US$70 Mill…

Nairobi, Kenya, Capital Markets in Africa — The Bull momentum was maintained at the Nairobi Securities Exchange and the  equity market capitalization ended at KES 2,045 billion by gaining KES 7.5 billion (c.US$70.1 million) or 0.37 percent from the market capitalization of KES 2,039 billion recorded at previous trading session.

In the same bullish mood, the Nairobi All Share Index surged by 0.37 percent or 0.53 percent to end at 145.64 points and the Nairobi Securities Exchange (NSE20) index rose by 22.10 points or 0.53 percent to close at 4,216.83 points. The FTSE NSE 15 index and FTSE NSE 25 increased by 1.26 percent to end at 189.51 and soared by 1.33 percent at 189.32 points respectively.

Look at today’s market activities, the volume of shares traded rose 43.39 percent to close at 27.43 million and the total turnover dipped by 78.79 percent to close at KES 476.07 million. Foreign buys stood at 66.59 percent of total turnover, while foreign sales stood at 28.40 percent of total turnover. KCB Group was the largest mover of the day with a turnover of KES 104.56 million representing 21.96 percent of the total market turnover. Other most actively traded stocks were Kenya Airways recorded KES 98.991 million; CFC Stanbic had KES 47.160 million, Liberty Kenya Holdings Limited registered KES 46.251 million and Bamburi Cement Limited ended with a turnover of KES 28.169 million.

From the market movers and shakers, today’s price mover was Flame Tree Group Holdings Limited emerged as the top gainer after advancing by 7.69 percent to end the day at KES 7.00 and  investors bought and sold 600 shares. Liberty Kenya Holdings Limited surged by 6.02 percent to close the day at KES 22.00. Eveready East Africa Limited soared by 5.26 percent to settle at KES 2.95. Also, Kenya Airways rose by 5.26 percent to end at KES 6.00 and Olympia Capital Holdings closed at KES 4.30 by adding 4.88 percent.

 On the contrary, Umeme Limited emerged as the top loser after falling by 8.85 percent to end the day at KES 17.50. Atlas Development & Support Services settled at KES 4.50 after  crashing by 7.22 percent and Total Kenya Limited slumped by 3.50 percent to trade at KES 19.30. E. A. Cable Limited tumbled by 2.93 percent to close at KES 11.60 and Uchumi Supermarket Limited sagged by 2.53 percent with a closing price of KES 9.65.

On foreign exchange market front, the Kenyan Shilling continued to weak against US dollar to trade at KES 106.25 after depreciating by 0.66 percent and fell by 1.50 percent to end at KES 162.68 against British pound. Kenyan Shillings fell by 1.24 percent against the Euro to close at KES 119.06 but gained 0.14 percent against South African rand to trade at KES 7.60.