Kenya Equity Watch | 06 Aug 2015: Kenya equities show green, NASI and NSE20 both up, Market cap gaines US$84 mill…

Nairobi, Kenya (Capital Markets in Africa) — Bulls were backed to the Nairobi Securities Exchange at the end of today’s trading session. The market capitalization surged by 0.29 percent or KES 8.5 billion (almost US$84 million) to end at KES 2,050 billion relative to market capitalization of KES 2,042 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index climbed by 33.47 points or 0.78 percent to close at 4,350.70 points and the Nairobi All Share Index advanced by 0.61 points or 0.42 percent to settle at 146.43 points. The FTSE NSE 15 index and FTSE NSE 25 index went up by 0.71 percent at190.31 points and rose by 0.60 percent to end at 188.92 respectively.

Look at today’s market activities, the volume of shares traded declined 22.88 percent to close at 49.34mn and total turnover dropped 33.14 percent to close at KES 1,239.14 million. Safaricom was the largest mover of the day with a turnover of KES 425.08 million representing 34.30 percent of the total market turnover. Also, Equity Group recorded a turnover of KES 251.236 million and CFC Stanbic registered KES 199.780 million. KCB Group and Centum Investment recorded a turnover of KES 179.487 million and KES 69.676 million respectively. In term of type of investor, foreign buys stood at 75.73 percent of total turnover, while foreign sales stood at 68.11 percent of total turnover.

Today’s price mover was KAPCHORUA TEA which emerged as the top gainer after adding 5.74 percent to end the day at KES 221. Umeme Limited climbed by 5.59 percent to close the day at KES 17.95 after investors bought and sold 200 shares. British American Investment Company advanced by4.96 percent to settle at KES 18.00. Similarly, CFC STANBIC and Crown Berger Paint accelerated by 4.71 percent to settle at KES 100.00 and 2.42 percent to settle at KES 63.50 respectively.

On the contrary the price slacker was Flame Tree Group emerged as the top loser after losing 4.00 percent to end the day at KES 7.20. Likewise, National Bank Kenya traded at KES 20.00 by losing 3.61 percent and Trans-century Limited tumbled by 3.33 percent to trade at KES 14.50. Eveready East Africa Limited  also declined by 2.70 percent to end at KES 3.60 as well as Housing Finance somersaulted by 2.33 percent to end at KES 21.00 after investors bought and sold 104,100 shares.

On foreign exchange market front, Kenya Shilling weakens against majority of the trading currencies today. Kenyan Shilling went down by 0.18 percent against US dollar to trade at KES 101.30. Also, Kenyan Shilling lost against British pound by 0.68 percent to end at KES 157.17 and against the Euro to close at KES 110.66, by plunging 0.74 percent. Likewise, Kenyan shilling fell by 0.18 percent against South African rand to trade at KES 7.94.

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