Kenya Equity Watch | 24 July 2015: Kenya equity markets ended in red despite President Obama’s visit to Kenya

Nairobi, Kenya (Capital Markets in Africa) — On Friday, Kenya equity markets ended in red in spite of President Obama’s visit to Kenya and Nairobi Securities Exchanges closed early today. The market capitalization fell by KES 15 billion to end at KES 2,144.97 billion relative to market capitalization of KES 2,160.06 billion recorded at previous trading session.  As the time, the Nairobi Securities Exchange (NSE20) index sagged by 39.04 points or 0.86 percent to close at 4,500.43 points and the Nairobi All Share Index tumbled by 1.07 points or 0.69 percent to settle at 153.18 points. Likewise, the FTSE NSE 15 index and FTSE NSE 25 index plunged by 3.00 percent to close at 200.17 points and 199.91 respectively.

Look at today’s market activities, the volume of shares traded went up 2.00 percent to close at 21.140 million and total turnover declined by 10.00 percent to close at KES 477.742 million. SAFARICOM was the largest mover of the day with a volume of 17.574 million. Other top actively traded were Equity Bank Limited recorded a volume of 1,903,500 and News Media Group registered 407,200. Also, industrial and Commercial Development Corporation and Co-operative Bank had 187,000 and 163,900 respectively.

From the market price movers’ viewpoint, National Bank of Kenya emerged as the top gainers after gaining 8.71 percent to end the day at KES 19.35. Express Limited Kenya surged by 7.92 percent to close the day at KES 5.45 and Olympia Capital Holdings Kenya gained 6.52 percent to settle at KES 4.90. Likewise, Home Afrika Limited and Kenya Airways Limited rose by6.00 percent to end at KES 2.65 and 4.55 percent with closing price of KES 6.90 respectively.

On the contrary, Carbacid Investments Limited emerged as the top loser after falling by 8.77 percent to end the day at KES 15.40. Likewise, Liberty Kenya Holdings Limited closed at KES 21.00 by losing 8.70 percent. On the same trend, British-American Investments Company Kenya and Eaagads Limited Kenya tumbled by 6.51 percent and 5.41 percent to end at KES 14.35 and KES 35.00 respectively.