Kenya Equity Watch | 9 July 2015: Kenya stocks continues in south pole, market cap US$92 Mill …NASI 17bps down

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity markets ended in red. The market capitalization closed at KES 2,243.49 billion, by falling KES 9.22 billion or 0.85 percent relative to market capitalization of KES 2,243.49 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index plunged by 8.21 points or 0.17 percent to close at 4,754.66 points and Nairobi All Share Index declined by 0.65 points or 0.41 percent to settle at 159.59. The FTSE NSE 15 index and FTSE NSE 25 index remained flat to end at 212.93 points and 211.97 respectively.

The volume of shares traded rose 21.65 percent to close at 67.71 million and total turnover went up 67.71 percent to close at KES 2,146.78 million. SAFARICOM was the largest mover of the day with a turnover of KES 770.16 million representing 35.87 percent of total market turnover.  East African Breweries Limited was the second largest actively traded stocks with a turnover of KES 634.082 million accounted for about 30 percent of total market turnover. EQUITY GROUP Kenya recorded a turnover of KES 361.328 million and KCB Bank registered KES 177.626 million. In term of type of investor, foreign buys stood at 88.93 percent of total turnover, while foreign sales stood at 89.53 percent of total turnover.

From the market price movers’ viewpoint, KAPCHORUA TEA Kenya was the highest market gainer advancing by 9.38 percent to close the day at KES 175.00 on 200 stocks. Nation Media Kenya grew by 5.85 percent to close the day at KES 199.00 and WILLIAMSON TEA Kenya rose by 4.89 percent to settle at KES 386.00. Similarly, Liberty Kenya Holdings and OLYMPIA CAPITAL added 3.13 percent to end at KES 24.75and 3.00 percent with closing price of KES 5.15 respectively.

On the other hand, EAAGADS Kenya was the top loser, losing 6.00 percent to close the day at KES 35.25. Also, Kenya Electricity Generating Company end at KES 9.00 after falling by 3.74 percent. On the same trend, HOME AFRIKA Kenya and British-American Investment Company Kenya plummeted by 3.45 percent and 3.20 percent to end at KES 2.80 and KES 18.15 respectively.

On currency market front, Kenyan Shilling gained against US dollar by 0.12 percent to trade at KES 100.37 and against British pound rose by 0.61 percent to close at KES 154.39. However, the Kenyan Shilling lost against the Euro to close at KES 111.38, by falling by 0.70 percent but appreciated by 0.39 percent against South African rand to trade at KES 8.02.