Kenya Equity Markets | 15 Sep 2015: Bullish run sustains, investors gain US$208 Mill …

Nairobi, Kenya Capital Markets in Africa — The positive momentum sustained at the end of the equity trading on the Nairobi Securities Exchange. As a result the equity market capitalization closed  at KES 2,095 billion by adding KES 22 billion (c.US$208.2 million) or 1.06 percent from the market capitalization of KES 2,072 billion recorded at previous trading session.

The Nairobi All Share Index gathered 1.06 percent or 1.56 points to end at 149.14 points and the Nairobi Securities Exchange (NSE20) index rose by 15.94 points or 0.38 percent to close at 4,250.60 points. The FTSE NSE 15 index and FTSE NSE 25 grew by 1.31 percent to end at 196.94 and soared by 1.33 percent at 196.64 points respectively.

Look at today’s market activities, the volume of shares traded jumped 85.04 percent to close at 24.99mn and the total turnover went up 52.15 percent to close at KES 605.97 million. From investor type viewpoint, foreign buys stood at 77.53 percent of total turnover, while foreign sales stood at 31.66 percent of total turnover.

Safaricom was the largest mover of the day with a turnover of KES 170.17 million representing 28.08 percent of the total market turnover. Other most actively traded stocks were KCB Group recorded KES 153.499 million; Equity Group Holdings Limited had KES 113.216 million, Standard Chartered registered KES 49.483 million and Kenya Power ended with a turnover of KES 29.112 million.

From the market movers and shakers, today’s price mover was National Bank of Kenya emerged as the top gainer after adding 6.47 percent to end the day at KES 18.10. Uchumi Supermarket Limited soared by 6.15 percent to close the day at KES 9.50. Crown Berger Limited gained 4.50 percent to settle at KES 58.00. Also, SASINI Limited surged by 4.01 percent to end at KES 15.55 and Safaricom Limited closed at KES 15.15 by adding 3.06 percent.

 On the contrary, Kakuzi Limited emerged as the top loser after falling by 10.00 percent to end the day at KES 297.00. Flame Tree Group Holdings Limited settled at KES 7.00 after crashing by 9.09 percent and Williamson Tea Kenya dropped 6.76 percent to trade at KES 345.00. Mumias Sugar Co. Limited tumbled by5.00 percent to close at KES 1.90 and E.A. Portland Cement Limited plunged by 3.64 percent with a closing price of KES 53.00.

On foreign exchange market front, the Kenyan Shilling weakens against US dollar to trade at KES 105.38 after falling by 0.08 percent and sagged by 0.07 percent to end at KES 162.42 against British pound. Kenyan Shillings gained by 0.02 percent against the Euro to close at KES 119.16 and depreciated by 0.60 percent against South African rand to trade at KES 7.81.

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