Kenya Equity Markets | 13 Oct 2015: Nairobi Securities Exchange Ends in Red Again, Market Cap US$141 Mill down …

Nairobi, Kenya Capital Markets in Africa — Nairobi Securities Exchange continued to walk toward the southern region at the end of Tuesday’s trading session. The equity market capitalization ended at KES 1,967 billion after losing KES 14.59 billion (c.US$141 million) or 0.74 percent from the market capitalization of KES 1,982 billion recorded at previous trading session.


The Nairobi All Share Index declined by 0.75 percent or 1.05 points to end at 139.87 points and the Nairobi Securities Exchange (NSE20) index sagged by 12.79 points or 0.32 percent to close at 3,991.49 points. Also, NSE 25 index ended at 4,054.42 after dropping 1.16 percent. The FTSE NSE 15 index and FTSE NSE 25 plunged by 0.88 percent to end at 183.48 and declined by 1.17 percent at 182.94 points respectively.


Look at today’s market activities, the volume of shares traded rose by 20.09 percent to close at 22.96 million and total turnover gained 1.34 percent to close at KES 552.012 million.

Equity Group was the largest mover of the day with a volume of 5,991,990 representing 74.96 percent of the total market volume. Other most actively traded stocks were SAFARICOM Limited recorded 3,950,500; KenyaGen Limited had 3,089,300, Co-operative Bank of Kenya registered 2,455,700 and Barclays Bank Kenya Limited ended with a volume of 2,159,700.


From the market movers and shakers, today’s price mover was KenyaGen Limited emerged as the top gainer after adding 19.88 percent to end the day at KES 9.95. East Africa Cables Limited climbed by 3.32 percent to close the day at KES 10.90. Bamburi Cement Limited soared by 1.97 percent to settle at KES 155.00. Also, Eveready East Africa Limited grew by 1.69 percent to end at KES 3.00 and  Kenya Power & Lighting Company Limited closed at KES 15.00 after adding 0.67 percent.


 On the contrary, Atlas Development & Support Services emerged as the top loser after dropping 8.33 percent to end the day at KES 2.75. NIC Bank Limited settled at KES 38.25 after dipping by 6.71 percent and Standard Chartered Bank plummeted by 5.50 percent to trade at KES 206.00. Scan Group Limited declined by 4.76 percent to close at KES 25.50 and Housing Finance Company Limited slumped by 4.40 percent with a closing price of KES 21.75.


On foreign exchange market front, the Kenyan Shilling appreciated against US dollar to trade at KES 102.9543 by gaining 0.07 percent and surged by 0.08 percent to end at KES 157.7150 against British pound. However, Kenyan Shillings lost 0.05 percent against the Euro to close at KES 117.0558 but appreciated by 0.07 percent against South African rand to trade at KES 7.6998.


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