Kenya Equity Markets | 12 Nov 2015: Kenya Equity Markets stay green, investors reward with US$92 million

Nairobi, Kenya Capital Markets in Africa — The bullish mood continued  for another day, the equity market capitalization ended at KES 2,023 billion after adding KES 9.4 billion (c.US$92.1 million) or 0.47 percent from the market capitalization of KES 2,013 billion recorded at the previous trading session.

The Nairobi All Share Index rose by 0.47 percent or 0.67 points to end at 143.79 points but the Nairobi Securities Exchange (NSE20) index lost 2.48 points or 0.06 percent to close at 3,916.62 points. NSE 25 index ended at 4,139.45 after gained 0.49 percent or 20.20 points.

Today’s market volume of shares traded today was 14.84 million, valued at KES 394.61 million up 25.72 percent from yesterday’s turnover. In term of investor types, foreign buys stood at 57.27 percent of total turnover, while foreign sales stood at 81.11 percent of total turnover.

SAFARICOM Limited was the largest mover of the day with a turnover of KES 125.201 million representing 31.73 percent of the total market turnover. Other most actively traded stocks were Kenya Commercial Bank Limited recorded KES 89.142 million; CFC STANBIC registered KES 89.142 million, East Africa Breweries Limited registered KES 47.740 million and Equity Group Limited ended with a turnover of KES 14.006 million.

From the market movers and shakers, today’s price mover was Olympia Capital Holdings emerged as the top gainer after gaining 6.74 percent to end the day at KES 4.75. NIC Bank added 4.88 percent to close the day at KES 43.00. Atlas Development & Support Services increased by 4.41 percent to settle at KES 3.55. Also, SASINI Limited surged by 4.19 percent to trade at KES 17.40 and Barclays Bank Limited Kenya ended at KES 13.45 after adding by 3.86 percent.

 In the negative district, Trans-Century Limited emerged as the top loser after falling by 9.47 percent to close the day at KES 11.00. Home Afrika Limited traded at KES 1.30 after dipping by 7.14 percent and KenGen Limited slid by 6.25 percent to trade at KES 8.25. Kenya Airways faltered by 5.71 percent to close at KES 4.95 and Crown Berger Paints Limited declined by 4.84 percent with a closing price of KES 59.00.

On foreign exchange market front, the Kenyan Shilling was weaker against US dollar to trade at KES 102.2926 after marginally fell by 0.04 percent and fell by 0.73 percent to end at KES 155.6164 against the British pound. Kenyan Shillings depreciated by 0.62 percent against the Euro to close at KES 109.9644 and lost 0.99 percent against South African rand to trade at KES 7.2065.