Kenya Equity Watch | 30 June 2015: Kenya equity market sustains the bullish run, market cap KES 21 billion up

Nairobi, Kenya (Capital Markets in Africa):- Kenya equity markets sustained yesterday’s gains. The market capitalization closed at to close at KES 2,301.88 billion, by adding KES 20.86 billion or 0.91 percent relative to market capitalization of KES 2,281.02 billion recorded at previous trading session.

The Nairobi Securities Exchange (NSE20) index edged higher by 68.49 points or 1.42 percent to close at 4,906.07 points and Nairobi All Share Index surged by 1.33 points or 0.81 percent to settle at 164.41. Likewise, the FTSE NSE 25 index and FTSE NSE 15 index climbed by 0.42 points (or 0.19 percent) and 0.48 points (or 0.22 percent) to close at 216.07 points and 215.28 points respectively.

With regard to today’s market trading activities, the volume of shares traded rose by 860.58 percent to close at 180.76 million and total turnover went up by 1,130.02 percent to close at KES 8,928.26 million. Equity Group was the largest mover of the day with a turnover of KES 7,443.86 million representing 83.37 percent of total market turnover due to a substantial sale of shares by Helios to NSSF Uganda.

At the same time, British-American Tobacco Kenya was the second largest mover of the day with a turnover of KES 668.382 million accounted for 7.5 percent of total market turnover. Likewise, CENTUM was the third largest turnover of KES 223.925 million and fourth largest was SAFARICOM with turnover recorded at KES 138.800 million. In term of type of investor, foreign buys stood at 85.91 percent of total turnover, while foreign sales stood at 93.03 percent of total turnover.

Looking at the market price movers and shakers, CFC STANBIC Kenya was the highest market leaders edging up by 6.54 percent to close the day at KES 114.00. It was followed by B.O.C Kenya, by gaining 6.11 percent to close the day at KES 139.00 and British-American Tobacco Kenya surged by 5.71 percent to settle at KES 741.00. Equally, NATION MEDIA and WPP SCANGROUP surged by 5.29 percent (to close at KES 199.00 on 1,000 shares) and 3.64 percent (with closing price of KES 42.75).

On the contrary, Crown Berger Paint Kenya appeared as the top laggard, decreasing by 10.00 percent to close the day at KES 81.00. Similarly, National Bank Kenya fell by 6.99 percent to settle at KES 19.30 on 16,800 traded shares. Likewise, Liberty Life Assurance Kenya and Pan Africa Life Assurance Kenya plunged by 3.96 percent and 3.21 percent to end at KES 24.25 and KES 75.50 respectively.

On currency market front, Kenyan Shilling dropped against major trading currencies today. It fell against US dollar by 0.14 percent to trade at KES 98.64 and against South African Rand by 0.06 percent to close at KES 8.12. Also, the Kenyan Shilling depreciated against EURO and British Pound by 1.30 percent and 0.06 percent respectively. In the same note, Kenyan Shilling depreciated against Ugandan Shilling and Rwandan Franc by 4.03 percent to end KES 20.02 and 1.91 percent to trade at KES 7.32 respectively. However, the Kenyan Shilling gained against the Tanzanian Shilling to close at KES 33.30, by adding 1.09 percent.

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