Kenya Market Watch | May 13th 2015: Kenya equity lost KES 47 bn

Nairobi, Kenya (Capital Markets in Africa):- The NSE 20 and NASI index dipped for the third day running by 32.46 points and 2.19 points respectively to close at 4,980.48 and 167.27. The market capitalization lost KES 47.20 billion (about -1.98%) to close at KES 2,339.89 billion.

Liberty Kenya Holdings Limited edging up by 4.21 percent to close at KES 24.75, British American Tobacco Kenya went up 3.48 percent to end the trading day at KES 773.00 and Scan Group Kenya rose by 1.18 percent to settle at KES 42.25. On the other hand, the three top losers were Express Limited Kenya plummeted by 7.63 percent to close the day at KES 5.45, Sameer Africa Limited gave up 4.63 percent to end at KES 5.15 and Housing Finance shed off 4.38 percent to trade at KES 32.75.

The market activities measured by volume and turnover, the volume of shares traded declined by 2.53 percent to close at 39.74 million, while the total turnover also shrank by 10.30 percent to close at KES 1,170.19 million. Equity Group was the overall market mover with a turnover of KES 755.66mn representing 38.94 percent of total market turnover. Foreign buys stood at 82.06 percent of total turnover, while foreign sales stood at 85.46 percent of total turnover.