JULY 28, 2017: ROUND UP FOR BULLISH WEEK 30 AT NAIROBI SE

Today Friday July 28, 2017 at the Nairobi securities exchange, it was a befitting round up for bullish week 30 as All shares index climbed by 1.7% to new high of 161.16.

It turned out to be a week when very many high priced equities recorded price gains to exact pressure on the index.

Nine of them recorded % gains, three closed firm and only witnessed price drop within the week. Here Henates is referring to equities priced at above Kes 70 per share even though nominal value differ greatly in Nairobi.

East African Breweries closed up by 3.94% at Kes 264 per share, so did British American Tobacco, up 4.93 % to Kes 820 per share; Nation Media with 4.63% top up to Kes 113; Diamond Trust bank with 2.23% to Kes 183 per share and Jubilee Holdings up 0.72% to Kes 420 per share.

Others were Standard Chartered Bank up 1.84% to Kes 221; Stanbic Holdings with 0.63% rise to Kes80 per share; Kakuzi ltd with 1.27% shift to Kes 316 per share and Bamburi cement add on of 1.04% to Kes 191.

It mattered too as average priced but always active equities Safaricom, Equity group, KCB group, Centum Investment, Uchumi supermarket and others ended up too especially with leading % gains like Uchumi supermarket's total 20.49% rise on its week's opening price.

This Friday, traded volume asended 4.91% up at 34.8m units while, traded value grew by a higher 27.52% to Kes 1.14bn although number of deals struck eased to 1412.

Top volume was witnessed in Equity Group as deals for 8.2m shares were sealed bringing total that changed hands in it through the week to 15.9m shares worth Kes 656m as they were sold at between 39.75 and 42 Kes per share.

It thus helped the banking sector account for Kes 1.7bn traded value or 38.86% of market total.

Second highest volume was recorded in Safaricom with deals for 7.36m shares thus bringing total for the week to 46m shares valued at Kes 1.1bn because they were sold at between 23.25 and 25 Kes per share.

Some other equities with deals for above 1m units include Kenol Kobil (4.54m); Cooperative bank (2.114m); Kenya Re (2.03m); Barclay's bank (1.87m); Ken Gen (1.411) and East African Breweries with 1.126m shares.

In particular, the East African Breweries Friday valued at Kes 714m more or less accounted for the manufacturing and allied sector's contribution of Kes 798m or 17.84% to the week's traded value.

The bond market remain short of its flagship self through the week ending with just Kes 5bn traded value compared to Kes 6.3bn in week 29, which itself was average.

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