JULY 25,2017: NAIROBI: ALL SHARES INDEX UP 0.6%

For the third trading day running All shares index at Nairobi securities exchange today, Tuesday July 25, 2017 rose sharply though not as sharp as yesterday's 0.96% increase.

It closed the day 0.6% up to hit yet another high of 157.05 thus adding to yesterday's ground breaking 156.11.

Top price gainers were Uchumi supermarket up 7.35% at Kes 3.65 per share followed from a distance by Jubilee Holdings with 3.12% top up at Kes 430 per share.

East African Breweries, another high priced equity, also closed up but by 2.75% to Kes 262 per share.

Top of 14 price drops was Standard Group down 9.72% to Kes32.5 per share followed by National bank of Kenya which eased by 7.24% to Kes10.25 per share.

Trading activity easily recovered from yesterday's low as traded volume rose by 205.8% to 42.94m shares and traded value increased by 209.9% to Kes 1.248bn. Number of deals recorded ended the day up by 56.4% to 1372.

After yesterday low volume, trading in the shares of Safaricom recovered as deals were sealed for 18.09m units or 42.4% of the day's volume.

However, in view deals recorded in higher priced equities, this accounted for only 34.2% of total traded value.

This was just slightly short of banking sector's deals worth Kes 442m or 35.48% of traded value. NIC bank, trading at between Kes 33.75 and 35 per share witnessed deals for the major share (Kes 157m) involving 4.488m units.

Diamond Trust bank,  witnessed deals for 616,600 shares worth Kes 111m.

Barclay's bank recorded deals for 2.158m shares but being low priced Equity bank deals for 2.09m units contributed more (Kes 85m) to traded value. Equity had hit 12 month high of Kes 41.75 but closed at Kes 40.75 per share.

Centum investment was yet another equity with traded volume above 1m. It recorded deals for 1.7m units at between Kes 40 and 41.75 per share to help the investment sector chip in Kes 685m or 5.49% of total traded value.

Much the same way, 461,300 shares of East African Breweries changing hands at between 256 and 265.5 Kes per share accounted for Kes120m traded value thus pushing the manufacturing and allied to Kes 140m traded value or 11.22% of total.

At the energy and petroleum sector, Kenya Power and Kenol Kobil closed with deals for above 1m units but the sector only ended with Kes 41m traded value of 3.32%.

Kenya power, stayed firm at Kes 8.25 per share to record deals for 2.09m shares worth Kes 17m while Kenol Mobil trading at between Kes 14.85 and 15.20 witnessed deals for 1.37m units worth Kes 20.6m.

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