JULY 18, 2017: ALL SHARES INDEX NEAR YEAR AT NAIROBI SE.

At the Nairobi securities exchange today Tuesday, July 18, 2017, the All shares index at 154.06 inched closer by to year high reached on June 28 when it closed at 155.56.

This means that it is just 0.96% short of the year's high level although represents 23.5% increase on the 124.76 mark on March 16, when Henates started featuring reports on the market.

After the high of June 27, it dropped to 154.32 on June 28 and has continued more down than up since then till recent trading days of daily inching upwards.

The day too witnessed relatively higher investors interest despite marginal 0.58% decline in trades volume to 42.777m and 8.35% decrease in traded value to Kes 1.06bn. The number of deals struck, as an indicator of investors interest rose by 9.64% to 1558, one of the highest in weeks.

Traded volume and value was sustained more by deals recorded in the banking sector and Safaricom. The banking sector accounted for Kes 512m or 47.69% of traded value while Safaricom chipped in 385m Kes or 36.1% of value as against 39.2% of volume.

Safaricom witnessed deals for 16.75m shares at between 22.5 and 23.25 per share while Equity group paced the banking sector with deals for 9.19m shares worth 364m Kes.

In addition, Stanbic Holdings recorded deals for 885,800 units worth 70m shares while hitting a new year of 83 Kes per share and Cooperative Bank recorded exchange of 2.16m shares worth Kes 31m.

Compared to yesterday when 7 equities recorded deals for above 1m, this time 8 did.  In the energy and petroleum sector, Ken Gen witnessed deals for 4.05m at between 7.75 and 7.90 Kes worth 31.6m Kes and Ken Kobil, up 3.19%, recorded deals for 1.48m worth Kes 21.5m to drive the sector's contribution to 62.5m Kes or 5.87%.

Much the same way, Commercial and allied sector's contribution came to 35.7m Kes or 0.86% as WPP Scan group recorded deals for 1.12m at between 21.75 and 22.50 per share worth 24.6m and Uchumi supermarket supported with deals for 1.038m units.

The last in the above 1m shares group was CIC Insurance with deals for 1.458m shares although the main contribution to the sector's 21.8m Kes traded value were the deals struck in Jubilee Holdings for 26,500 shares worth 11m Kes.

The bond mark showed only slight improvement in traded value to 1.599bn Kes from yesterday's 1.19bn Kes but deals recorded closed at 29 as against 37 previously.

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