Kenya Equity Watch | 14 Aug 2015: Nairobi Securities Exchange ends in negative zone … market capitalization US$179 million …

Nairobi, Kenya (Capital Markets in Africa) — Nairobi Securities Exchanges ended in negative region, as a result the market capitalization plunged by 0.84 percent or KES 18.10 billion (almost US$179 million) to end at KES 2,130 billion relative to market capitalization of KES 2,148 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index slightly rose by 0.02 percent or 0.71 points to close at 4,496.23 points but the Nairobi All Share Index declined by 1.29 points or 0.84 percent to settle at 152.09 points. The FTSE NSE 15 index and FTSE NSE 25 plummeted by 0.82 percent to close at 197.44 points and by 0.74 percent to end at 196.62 respectively.

Look at today’s market activities, the volume of shares traded rose by 32.24 percent to close at 29.56 million and total turnover marginally plunged by 0.0006 percent to close at KES 611.886 million.

Today’s price mover was National Bank of Kenya which emerged as the top gainer after adding 8.07 percent to end the day at KES 20.75. Eveready East Africa Limited climbed by 5.97 percent to close the day at KES 3.55. Mumias Sugar Limited surged by 5.41 percent to settle at KES 1.95.  Similarly, Sasini Limited Kenya and Flame Tree Group Limited rose by 5.00 percent to end at KES 17.85 and surged by 4.61 percent to settle at KES 7.95 respectively.

On the losers’ chart, East Africa Portland Cement emerged ended as the top laggard after plunging by 10.00 percent to end the day at KES 54.00. Other losers were B.O.C Kenya Limited traded at KES 117.00 after falling by 10.00 percent and Kakuzi sagged by 9.23 percent to trade at KES 344.00. UNGA Group also plunged by 8.02 percent to end at KES 43.00 as well as British-American Investment Company tumbled by 4.26 percent with a closing price of KES 18.00.

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