Kenya Equity Watch | 14 July 2015: Investors lost KES 12 billion, NASI drops by 0.57%

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity markets ended in bearish. The market capitalization closed at KES 2,217.54 billion, by losing KES 12.3 billion or 0.56 percent relative to market capitalization of KES 2,205.20 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index plunged by 31.59 points or 0.67 percent to close at 4,692.17 points and Nairobi All Share Index declined by 0.90 points or 0.57 percent to settle at 158.39. The FTSE NSE 15 index and FTSE NSE 25 index remained flat to end at 209.25 points and 208.42 respectively.

The volume of shares traded rose by 25.24 percent to close at 30.53mn. Total turnover declined 25.24 percent to close at KES 551.21 million. Safaricom was the largest mover of the day with a turnover of KES 265.19 million representing 48.11 percent of total market turnover. East African Breweries Limited was the second largest actively traded stocks with a turnover of KES 105.906 million accounted for about 19 percent of total market turnover. Uchumi Supermarket Limited Kenya recorded a turnover of KES 34.089 million and KENOL KOBIL registered KES 32.966 million. In term of type of investor, foreign buys stood at 74.88 percent of total turnover, while foreign sales stood at 76.99 percent of total turnover.

From the market price movers’ viewpoint, KAKUZI Kenya was the highest market gainer advancing by 7.88 percent to close the day at KES 356.00 on 3000 stocks. BAT Kenya grew by 5.93 percent to close the day at KES 750.00 and KAPCHORUA TEA Kenya rose by 4.12 percent to settle at KES 177.00. Similarly, TPS SERENA and MARSHALLS added 3.57 percent to end at KES 36.25 and 3.33 percent with closing price of KES 12.40 respectively.

On the other hand, PAN African Kenya was the top loser, losing 10.00 percent to close the day at KES 65.50. Also, Standard Group end at KES 33.25 after falling by 7.64 percent. On the same trend, ATLAS Development Kenya and National Bank plummeted by 6.94 percent and 6.630 percent to end at KES 17.85 and KES 8.00 respectively.

On currency market front, Kenyan Shilling gained against US dollar by 0.04 percent to trade at KES 101.81 and against British pound rose by 0.69 percent to close at KES 157.73. Likewise, the Kenyan Shilling appreciated against the Euro to close at KES 112.27, by adding 1.11 percent and appreciated by 0.02 percent against South African rand to trade at KES 8.17.