Kenya Equity Watch | 2 July 2015: Kenya equity markets continues on downtrend, NSE20 index shed 0.39% … market cap KES 12 billion down

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity markets continued to trade in negative. The market capitalization closed at to close at KES 2,273.05 billion, by dropping KES 12.0 billion or 0.53 percent relative to market capitalization of KES 2,285.09 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index shed a further 18.82 points or 0.39 percent to close at 4,839.60 points and Nairobi All Share Index tumbled by 0.86 points or 0.53 percent to settle at 162.35. However, the FTSE NSE 25 index and FTSE NSE 15 index remained flat to close at 218.14 points and 216.95 points respectively.

The volume of shares traded declined 55.80 percent to close at 13.38 million and total turnover dipped by 62.71 percent to close at KES 459.53 million. KCB Bank was the largest mover of the day with a turnover of KES 120.52mn representing 26.23 percent of total market turnover. Equally, CENTUM Investment Group Kenya was the second largest mover of the day with a turnover of KES 113.208 million accounted for 25 percent of total market turnover. It is followed by East African Breweries Limited at KES 74.733 million and fourth largest was SAFARICOM Kenya with turnover recorded at KES 44.262 million. In term of type of investor, foreign buys stood at 50.34 percent of total turnover, while foreign sales stood at 50.81 percent of total turnover.

Looking at the market price movers and shakers, KAPCHORUA TEA Kenya was the highest market gainers edging up by 9.66 percent to close the day at KES 159.00. This was followed by Trans-century Kenya, by gaining 7.69 percent to close the day at KES 14.00 and Eveready Kenya surged by 6.02 percent to settle at KES 4.40. Similarly, TOTAL Kenya and Nairobi Securities Exchange gained 4.60 percent to end at KES 22.75 and 4.01 percent with closing price of KES 20.75 respectively.

Conversely, Crown Berger Paint Kenya emerged as the top loser, dropping 9.68 percent to close the day at KES 70.00. Also, Williamson Tea Kenya fell by 5.19 percent to settle at KES 347.00. Likewise, TPS SERENA Kenya and CIC Insurance Group Kenya plummeted by 4.90 percent and 3.17 percent to end at KES 7.60 and KES 19.20 respectively.

On currency market front, Kenyan Shilling dropped against US dollar by 0.10 percent to trade at KES 98.32 and against Ugandan Shilling fell by 0.10 percent to close at KES 20.09. Also, the Kenyan Shilling depreciated against Rwandan Franc by 0.10 percent to end at KES 7.41. However, the Kenyan Shilling gained against the British Pound to close at KES 155.07, by adding 0.45 percent and rose against EURO by 0.50 percent to close at KES 109.97. it also appreciated by 0.77 percent against South African Rand to trade at KES 8.10.