Kenya Market Watch | May 20th 2015: Market cap gains 0.27%, Indices lose..

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index declined by 17.26 percent to 4,924.25 points and Nairobi All Share Index added 0.45 points to close at 167.38. At the same time, the market capitalization gained 0.27 percent to close at KES 2,341.38 billion.

Looking at the market activities, OLYMPIA HOLDINGS surged by 8.70 percent to close at KES 5.00 to become today trading sessions’ top gainer. It is followed by TOTAL Kenya which rose by 6.82 percent to end the day at KES 23.50 on 121,400 traded shares. Likewise, ATHI RIVER Kenya and CROWN BERGER Kenya went up by 6.08 percent (to close at KES 78.50 on 382,000 traded shares) and 5.77 percent (to trade at KES 165.00 and volume recorded at 7200) respectively.

On the other hand, FLAME TREE Kenya emerged the top loser, declining by 8.23 percent to close the day at KES 7.25 and recorded 359,100 traded volumes. Also, PAN AFRICA Kenya went down by 7.88 percent to close at KES 76.00 on 6,100 traded volumes. UNGA declined by 7.11 percent to settle at KES 45.75 as well as EVEREADY plummeted by 5.49 percent with a closing price of KES 4.20.

The volume of shares traded jumped by 95.19 percent to close at 37.98mn.Total turnover also rose by 87.27 percent to close at KES 1,180.25mn. E.A Breweries was the largest mover of the day with a turnover of KES 387.36mn representing 32.82 percent of total market turnover.

On a final note, foreign buys stood at 59.39 percent of total turnover, while foreign sales stood at 54.65 percent of total turnover.