Kenya Equity Watch | 11 Aug 2015: Positive momentum ride on, market cap US$163 million up

Nairobi, Kenya (Capital Markets in Africa) — Positive momentum ride on at the Kenya equities market and the market capitalization added 0.77 percent or KES 16.50 billion (almost US$163 million) to end at KES 2,168 billion relative to market capitalization of KES 2,153 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index climbed by 36.05 points or 0.80 percent to close at 4,519.63 points and the Nairobi All Share Index advanced by 1.17 points or 0.76 percent to settle at 154.91 points. The FTSE NSE 15 index and FTSE NSE 25 index gained 1.68 percent at201.27 points and surged by 1.74 percent to close at 200.45 respectively.

Look at today’s market activities, the volume of shares traded went up by 50.99 percent to close at 28.91 million and total turnover gained 96.01 percent to close at KES 978.54 million. East African Breweries Limited was the largest mover of the day with a turnover of KES 226.39 million representing 23.14 percent of the total market turnover. Among the top actively traded stocks, SAFARICOM recorded a turnover of KES 204.146 million and British-American Tobacco Limited registered KES 185.729 million. KCB Group and Athi River Mining recorded a turnover of KES 94.450 million and KES 45.203 million respectively. In term of type of investor, foreign buys stood at 81.45 percent of total turnover, while foreign sales stood at 45.83 percent of total turnover.

Today’s price mover was Kenya Airways which emerged as the top gainer after adding 9.09 percent to end the day at KES 6.00. British-American Tobacco Limited climbed by 7.34 percent to close the day at KES 790.00. Sameer Africa Limited advanced by 6.52 percent to settle at KES 4.90. Similarly, Pan-Africa Insurance and Kenya Re accelerated by 5.22 percent to settle at KES 70.50 and 4.50 percent to settle at KES 2.35 respectively.

On the contrary the price slacker was Eaagards Limited emerged as the top loser after losing 9.16 percent to end the day at KES 29.75. Likewise, Sasini Limited traded at KES 15.00 by losing 6.83 percent and National Bank tumbled by 6.51 percent to trade at KES 19.40. Eveready East Africa Limited also plunged by 6.17 percent to end at KES 3.80 as well as Home Afrika Limited somersaulted by4.08percent to end at KES 7.00.

On foreign exchange market front, Kenya Shilling weakens against majority of the trading currencies today. Kenyan Shilling slightly fell by 0.02 percent against US dollar to trade at KES 101.13. Also, Kenyan Shilling lost against British pound by 0.56 percent to end at KES 157.45 and against the Euro to close at KES 110.93, by losing 0.02 percent. But, Kenyan shilling appreciated by 0.74 percent against South African rand to trade at KES 7.94.