Kenya Market Watch | June 3rd 2015: Kenyan equity market cap loses KES 200 million, indices fall

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity market continued on the downward trend at end of trading sessions. The Nairobi Securities Exchange (NSE20) index  plummeted by 26.16 points to 4,790.50 points and Nairobi All Share Index slid by 0.02 points or 0.01 percent to conclude at 164.23. However, the FTSE NSE 25 and FTSE NSE 15 indices gained 1.80 percent (or 3.80 points) and 1.70 percent (or 3.70 points) to close the day at 218.46 and 218.09 points respectively. The market capitalization fell from KES 2,297.46 billion to KES 2,297.26.

Looking at the market activities, the volume of shares traded shoved up by 82.14 percent to close at 34.35mn.Total turnover rose by 68.58 percent to close at KES 1,304.67mn. Equity Group was the largest mover of the day with a turnover of KES 296.23mn representing 22.71 percent of total market turnover. On the same note, foreign buys stood at 75.74 percent of total turnover, while foreign sales stood at 68.66 percent of total turnover.

From the market price gainers angle, STANDARD GROUP emerged the top gainer, advancing by 9.97 percent to close the day at KES 36.50 on a volume of 100. It followed by PAN AFRICA Kenya and then JUBILLE Holdings Kenya surged by 6.67 percent to close at KES 80.00 and 4.33 percent with closing price of KES 554.00 respectively. Among the gainers were also EAST AFRICAN BREWERIES and CROWN BERGER PAINTS Kenya added 3.29 percent and 3.13 percent to close the day at KES 314.00 and KES 165.00 respectively.

On the losers’ league were CFC STANBIC Kenya, EAAGADS Kenya, STANDARD CHARTERED Kenya and EVEREADY Kenya shed off 7.14 percent at KES 104.00 on 22,800 traded shares, 6.25 percent at KES 30.00 on 2,500 traded shares, 4.84 percent at KES 275.00 on 3,200 traded shares, and 4.30 percent to close at KES 4.45 respectively.

On the final note, Kenyan Shilling appreciated against US Dollar by 0.69 percent to close at KES 96.87 but depreciated against British Pound by 0.37 percent to close at KSE 148.88, and Euro by 1.80 percent to close at KES 108.46. Also, Kenya Shilling appreciated against both Ugandan Shilling and Tanzanian Shilling by 0.96 percent and 2.12 percent respectively as well as against Rwandan Franc by 0.84 percent.