Kenya Equity Markets | 21 Sep 2015: NSE ends in red, All Share 0.0.5% down, NSE20 0.14% lower, market cap US$5 Million Short

Nairobi, Kenya Capital Markets in Africa — The bear experienced in the last trading session was carried forward to begin the first day of the week on a negative note. The equity market capitalization ended at KES 2,065.5 billion after sagging by KES 500 million (c.US$4.74 million) or 0.024 percent from the market capitalization of KES 2,066 billion recorded at previous trading session.

The Nairobi All Share Index marginally advanced by 0.05 percent or 0.08 points to end at 147.27 points and the Nairobi Securities Exchange (NSE20) index accelerated by 6.00 points or 0.14 percent to close at 4,242.26 points. The FTSE NSE 15 index and FTSE NSE 25 fell by 0.93 percent to end at 193.67 and went down by 0.98 percent at 193.37 points respectively.

Look at today’s market activities, the volume of shares traded declined 38.08 percent to close at 9.38 million and total turnover dropped 41.32 percent to close at KES 219.46 million. Safaricom Limited was the largest mover of the day with a volume of 4,900,600 representing 52.23 percent of the total market volume. Other most actively traded stocks were Kenya Commercial Bank recorded 839,600; Co-operative Bank had 691,200, Equity Group registered 519,700 and Home Afrika Kenya Limited ended with a volume of  348,500.

From the market movers and shakers, today’s price mover was East Africa Portland Cement emerged as the top gainer after adding 10.00 percent to end the day at KES 55.00. Williamson Teas Kenya Limited jumped by 9.88 percent to close the day at KES 367.00. Flame Tree Group Holdings soared by 8.51 percent to settle at KES 7.65. Also, Atlas Development & Support Services surged by 8.00 percent to end at KES 4.05 and  Olympia Capital Holdings Limited closed at KES 4.85 after soaring by 6.59 percent.

 On the contrary, Trans-Century Limited emerged as the top loser after falling by 8.57 percent to end the day at KES 12.80. Longhorn Kenya Limited settled at KES 7.00 after reducing by 4.76 percent and I&M Holdings Limited sagged by 4.35 percent to trade at KES 110.00. Eveready East Africa Limited declined by 3.23 percent to close at KES 3.00 and Sameer Africa Limited plummeted by 2.35 percent with a closing price of KES 4.15.

On foreign exchange market front, the Kenyan Shilling strengthen against US dollar to trade at KES 105.1067 by adding 0.47 percent and rose by 0.21 percent to end at KES 163.4006 against British pound. Kenyan Shillings gained by 0.38 percent against the Euro to close at KES 118.9750 and appreciated by 0.71 percent against South African rand to trade at KES 7.8686.

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