Kenya Market Watch | June 15th 2015: Kenya equity market ends in red, indices fall

Nairobi, Kenya (Capital Markets in Africa):-  The Nairobi Securities Exchange (NSE20) index plummeted by 5.44 points to close at 4,759.58 points and Nairobi All Share Index slide by 0.14 points to settle at 162.75. However, the FTSE NSE 25 and FTSE NSE 15 indices surged by 0.21 points and 0.21 points to close the day at 217.71 and 217.39 points respectively. The market capitalization fell by 0.09 percent to close at KES 2,276.46 billion.

Looking at the market activities, the volume of shares traded dropped by 35.46 percent to close at 11.56 million and total turnover fell by 1.07 percent to close at KES 435.10 million. East African Breweries was the largest mover of the day with a turnover of KES 220.60 million representing 50.70 percent of total market turnover. Equally, SAFARICOM recorded turnover of KES 112.429 million and British American Tobacco Limited recorded turnover of KES 18.016 million. In term of type of investor, foreign buys stood at 42.04 percent of total turnover, while foreign sales stood at 76.36 percent of total turnover.

With regard to market price movers, Williamson rose 30.19 percent to close the day at KES 345.00 to become today’s top gainer, despite recording a loss of KES 227.64 million for the year ended 31st March 2015 attributed to weak prices throughout the year. Standard Group emerged the top loser, declining by 7.59 percent to close the day at KES 33.50. Equally, Uchumi dropped by 6.25 percent to close at 9.75 following the board of directors’ action to terminate the contracts of the CEO and CFO.

On currency front, Kenyan Shilling depreciated against US Dollar by 0.04 percent to trade at KES 97.25 and British Pound by 0.24 percent to close at KES 151.03. While the Kenyan Shilling appreciated against Euro, South African Rand and Tanzanian Shilling by 0.22 percent to close at KES 108.87, 0.54 percent to close at KSE 7.81, 0.26 percent to close at KES 32.55.