Kenya Equity Markets | 9 Sep 2015: Nairobi Securities Exchange equity lower, Kenyan Shilling stronger …

Nairobi, Kenya Capital Markets in Africa — The Bear returned to the Nairobi Securities Exchange equity market and the  equity market capitalization ended at KES 2,044 billion by losing KES 1.8 billion (c.US$17.3 million) or 0.09 percent from the market capitalization of KES 2,045 billion recorded at previous trading session.

In the same bearish mood, the Nairobi All Share Index sagged by 0.13 points or 0.09 percent to end at 145.51 points but the Nairobi Securities Exchange (NSE20) index rose by 3.06 points or 0.07 percent to close at 4,219.89 points. The FTSE NSE 15 index and FTSE NSE 25 increased by 0.61 percent to end at 190.67 and soared by 0.51 percent at 190.29 points respectively.

Look at today’s market activities, the volume of shares traded rose 144.2 percent to close at 66.99 million and total turnover went up by 142.6 percent to close at KES 1,154.73 million. 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 84.3 percent of total turnover, while foreign sales stood at 70.6 percent of total turnover.

Safaricom was the largest mover of the day with a turnover of KES 757.09mn representing 65.7 percent of the total market turnover. Other most actively traded stocks were KCB Group recorded KES 178.432 million; Equity Group had KES 43.143 million, Barclays Bank registered KES 29.333 million and East African Breweries Limited ended with a turnover of KES 27.799 million.

From the market movers and shakers, today’s price mover was Mumias Limited emerged as the top gainer after advancing by 5.71 percent to end the day at KES 1.85 and  investors bought and sold 2,311,500 shares. Longhorn Limited surged by 4.20 percent to close the day at KES 7.45. CIC Limited soared by 3.76 percent to settle at KES 6.90. Also, Sameer Africa Limited rose by 3.61 percent to end at KES 4.30 and Eveready East Africa closed at KES 3.05 by adding 3.39 percent.

 On the contrary, Express Kenya emerged as the top loser after falling by 10.00 percent to end the day at KES 4.05. Atlas Development & Support Services settled at KES 4.05 after  crashing by 10.00 percent and Kakuzi Limited slumped by 9.03 percent to trade at KES 282.00. Kapchorua tumbled by 7.83 percent to close at KES 7.83 and Crown Paints sagged by 7.30 percent with a closing price of KES 63.50.

On foreign exchange market front, the Kenyan Shilling strengthen against US dollar to trade at KES 105.41 after gaining 0.79 percent and rose by 0.41 percent to end at KES 162.01 against British pound. Kenyan Shillings gained by 1.02 percent against the Euro to close at KES 117.85 but depreciated by 0.94 percent against South African rand to trade at KES 7.68.