Kenya Market Watch | June 4th 2015: Kenya equity market end in red, loses KES 130 million, indices fall

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity market continued the bearish runs.  The Nairobi Securities Exchange (NSE20) index plummeted by 16.17 points to close at 4,773.70 points and Nairobi All Share Index slid by 0.01 points to settle at 164.22. The FTSE NSE 25 and FTSE NSE 15 indices, however, remained flat to close the day at 218.46 and 218.09 points respectively. The market capitalization fell by KES 130 million to close at KES 2,297.13.

Looking at the market activity, the volume of shares traded dipped by 40.57 percent to close at 20.41 million while the total turnover dropped by 58.45 percent to close at KES 542.15 million. SAFARICOM was the largest mover of the day with a turnover of KES 189.47 million representing 34.95 percent of total market turnover. East African Breweries was the second most traded stock with a turnover of KES 99.856 million. In terms of type of investor, foreign investor buys stood at 65.55 percent of total turnover, while foreign investor sales stood at 59.35 percent of total turnover.

With regards to market price movers, on the price gainers’ territory SAMEER appeared the top gainer, gaining 6.19 percent to close the day at KES 5.15 on a volume of 3,600. It is followed by OLYMPIA CAPITAL  Kenya and then SCANGROUP Kenya which surged by 5.00 percent to close at KES 5.25 and 3.33 percent with closing price of KES 38.75 respectively. Also on the gainers’ train were STANDARD CHARTERED and KCB BANK Kenya that added 3.27 percent and 1.17 percent to close the day at KES 284.00 and KES 59.50 respectively.

In the losers’ league were BAT Kenya, KAKUZI Kenya, KENYA ORCHADS Kenya and SASINI Kenya which shed off 8.28 percent at KES 720.00, 6.67 percent at KES 280 on 100 traded shares, 4.76 percent at KES 100.00 on 500 traded shares, and 4.39 percent to close at KES 15.25 respectively.

On a final note, Kenyan Shilling appreciated against US Dollar by 0.05 percent to close at KES 98.62 and against British Pound by 0.30 percent to close at KSE 148.43, and South Africa Rand by 1.22 percent to close at KES 7.84. Also, Kenyan Shilling appreciated against both Tanzanian Shilling and against Rwandan Franc by 0.31 percent (to close at KES 31.84) and 0.05 percent (to end at KES 7.12) respectively. Kenyan Shilling, however, depreciated against Euro and Uganda Shilling by 0.62 percent to close at KES 109.14 and 0.30 percent to settle at KES 22.08, in the order.