Kenya Equity Watch | 16 July 2015: Kenya stocks move southward …. market cap down by KES 26 billion

Nairobi, Kenya (Capital Markets in Africa):- Equity trading on the Nairobi Stock Exchange ended southward at the end of trading session today. The market capitalization was recorded at KES 2,192.82 billion after plummeting by KES 25.57 billion relative to market capitalization of KES 2,218.39 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index plunged by 14.00 points or 0.30 percent to close at 4,676.16 points and Nairobi All Share Index added 1.86 points or 1.17  percent to settle at 156.59. The FTSE NSE 15 index and FTSE NSE 25 index remained flat to end at 208.19 points and 207.41 respectively.

The volume of shares traded dropped 67.33 percent to close at 27.13 million. Total turnover went down 73.63 percent to close at KES 875.64 million. KCB Bank was the largest mover of the day with a turnover of KES 233.47 million representing 26.66 percent of the total market turnover. Safaricom was the second largest actively traded stocks with a turnover of KES 159.184 million accounted for about 18.2 percent of total market turnover. Equity Group recorded a turnover of KES 134.257 million and British-American Tobacco Kenya registered KES 79.899 million. In term of type of investor, foreign buys stood at 64.18 percent of total turnover, while foreign sales stood at 73.15 percent of total turnover.

From the market price movers’ viewpoint, Express Kenya was the highest market gainer advancing by 7.92 percent to close the day at KES 5.45 on 5.200 stocks. CFC STANBIC Kenya surged by 7.48 percent to close the day at KES 115.00 on 587,000 traded stocks and Standard Group Kenya rose by 5.88 percent to settle at KES 26.00. Likewise, KAPCHOUA TEA and WPP SCAN GROUP accelerated by 4.74 percent to end at KES 199.00 and 2.46 percent with closing price of KES 40.00 respectively.

On the other hand, Crown Berger Paints Kenya was the top loser, losing 5.88 percent to close the day at KES 56.00. Also, Equity Group closed at KES 45.25 after falling by 4.23 percent on 2,967,000 traded shares. On the same trend, Housing Finance and Home Afrika plunged by 3.96 percent and 3.85 percent to end at KES 24.25 and KES 2.50 respectively.

On currency market front, Kenyan Shilling depreciated against US dollar by 0.47 percent to trade at KES 102.04 and against British pound by 0.37 percent to close at KES 159.37. But, the Kenyan Shilling appreciated against the Euro to close at KES 111.56, by adding 0.09 percent and rose by 0.0.14 percent against South African rand to trade at KES 8.21.