Kenya Equity Watch | 21 July 2015: Nairobi All Share Index slightly sagged by 0.01 percent … market cap KES 39 Mil down

Nairobi, Kenya (Capital Markets in Africa) — The Nairobi Stock Exchange ended in the south at end of today’s trading session. The Nairobi Securities Exchange (NSE20) index tumbled by 22.65 points or 0.59 percent to close at 4,605.25 points and the Nairobi All Share Index slightly sagged by 0.01 points or 0.01 percent to settle at 156.31 points. On the same note, the FTSE NSE 15 index and FTSE NSE 25 index tumbled by 0.49 percent to end at 205.11 points and 0.53 percent to trade at 204.38 points respectively.

The market capitalization ended at KES 2,189.08 billion after losing KES 39 million relative to market capitalization of KES 2,189.12 billion recorded at previous trading session.

Look at today’s market activities,  the volume of shares traded soared by 54.01 percent to close at 41.54 million and total turnover rose by 2.34 percent to close at KES 780.17 million. SAFARICOM was the largest mover of the day with a turnover of KES 453.08 million representing 58.07 percent of the total market turnover. Other top actively traded were NIC BANK Kenya recorded a turnover of KES 62.290 million and KCB Group registered KES 57.648 million. Also, Co-operative Bank and East African Breweries Limited had KES 49.333 million and KES 45.576 million respectively. In term of type of investor, foreign buys stood at 91.19 percent of total turnover, while foreign sales stood at 68.91 percent of total turnover.

From the market price movers’ viewpoint, TRANS-CENTURY climbed by 8.58 percent to KES 16.45 to emerge as the day’s top gainer. EAAGADS surged by 7.14 percent to close the day at KES 37.50 on 12,100 traded stocks and KAPCHORUA TEA Kenya added 5.26 percent to settle at KES 200.00. Likewise, WILLIAMSON TEA and East African Portland Cement Kenya advanced by 4.00 percent to end at KES 390.00 and 3.39 percent with closing price of KES 62.00 respectively.

On the contrary, Pan African Insurance Kenya was the top loser, losing 8.57 percent to close the day at KES 64.00. Also, EVEREADY closed at KES 4.00 after falling by 8.05 percent on 19.400 traded shares. On the same trend, Uchumi Supermarket Limited and Atlas Development plunged by 7.50 percent and 5.99 percent to end at KES 7.40 and KES 10.20 in that order.

On currency market front, Kenyan Shilling depreciated against US dollar by 0.05 percent to trade at KES 102.55. Shilling appreciated against British pound by 0.17 percent to close at KES 159.58 and against the South African rand to close at KES 8.24, by adding 0.09 percent. Likewise, Kenyan shilling gained by 0.06 percent against Euro to trade at KES 110.92.