Kenya Market Watch | May 26th 2015: Kenya equities extend bearish and lose KES 19bn

Nairobi, Kenya (Capital Markets in Africa):- The Nairobi Securities Exchange (NSE20) index continued in negative mood and shed off 5.17 point to 4,853.44 points and Nairobi All Share Index lost 1.34 points to close at 162.80. Likewise, the FTSE NSE 25 and FTSE NSE 15 indices went down by 0.13 points and 0.11 points to close the day at 218.49 and 218.01 points respectively. The market capitalization lost almost KES 19 billion (about 0.81 percent) to close at KES 2,277.145.

Looking at the market activities, STANDARD GROUP Kenya emerged the top loser, declined by 8.28 percent to close the day at KES 33.25.00. Also, TOTAL Kenya went down by 6.45 percent to close at KES 21.75 on 56,600 traded volumes. SAMEER BREWERIES Kenya declined by 6.36 percent to settle at KES 5.15 as well as CROWN BERGER PAINT plummeted by 5.45 percent with a closing price of KES 156.50. On the gainers’ table,

PAN AFRICA Kenya surged by 8.72 percent each to close at KES 81.00 to become today trading sessions’ top gainer. It is followed by BOC Gases Kenya which increased by 6.45 percent to end the day at KES 129.00. Likewise, FLAME TREE Kenya and SASINI Kenya went up by 3.03 percent (to close at KES 8.50) and 2.58 percent (to trade at KES 15.90) respectively.

On final note, the volume of shares traded edged up by 29.16 percent to close at 25.20 million. Also, total turnover rose by 36.41 percent to close at KES 976.32 million. Centum was the largest mover of the day with a turnover of KES 336.63mn representing 34.48 percent of total market turnover. Foreign buys stood at 30.92 percent of total turnover, while foreign sales stood at 30.15 percent of total turnover.