Kenya Market Watch | June 9th 2015: Kenya equity market end in red, loses KES 2.4 billion, indices fall

Nairobi, Kenya (Capital Markets in Africa):- Both Kenya equity market indices end bearish runs. The Nairobi Securities Exchange (NSE20) index plummeted by 16.02 points to close at 4,745.42 points and Nairobi All Share Index slide by 0.17 points to settle at 162.36. However, the FTSE NSE 25 and FTSE NSE 15 indices remained flat to close the day at 218.22 and 217.90 points respectively. The market capitalization fell by KES 2.4 billion to close at KES 2,270.95 billion.

Looking at the market activities, the volume of shares traded edged up by 0.84 percent to close at 27.72 million. Total turnover rose by 1.74 percent to close at KES 569.80 million. SAFARICOM was the largest mover of the day with a turnover of KES 180.17 million representing 60.22 percent of total market turnover. In term of type of investor, foreign buys stood at 63.19 percent of total turnover, while foreign sales stood at 69.74 percent of total turnover.

With regard to market price movers, on the price gainers’ territory UNGA Group Kenya emerged the top gainer, gaining 8.57 percent to close the day at KES 47.50 on a volume of 88,600. It followed by NATIONAL BANK Kenya and then NAIROBI Security Exchange Kenya which surged by 6.25 percent to close at KES 21.25 and 4.88 percent with closing price of KES 21.50 (on 646,900 securities) respectively. Also on the gainers’ train were SCAN Group and EVEREADY Kenya that added 4.70 percent and 3.66 percent to close the day at KES 39.00 and KES 4.25 respectively.

On the losers’ league were STANDARD Group, EXPRESS Kenya, KENYA AIRWAYS and LIBERTY Kenya shed off 8.90 percent at KES 33.25, 5.98 percent at KES 5.50 on 2,000 traded shares, 5.80 percent at KES 6.50 on 476,000 traded shares, and 5.10 percent to close at KES 23.25 respectively.

On currency front, Kenyan Shilling depreciated against major trading currencies apart from Rwandan Franc, gaining 4.00 percent to close at KES 7.41. While the Kenyan Shilling against US Dollar by 0.96 percent to close at KES 97.87 and against British Pound by 1.46 percent to close at KSE 150.27, and South Africa Rand by 0.35 percent to close at KES 7.84. Also, Kenya Shilling depreciated against both Tanzanian Shilling and Uganda Shilling by 1.27 percent (to close at KES 31.73) and 0.72 percent (to end at KES 22.22) respectively.

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