JULY 31, 2017: DOWN ALL THE WAY EXCEPT ASI AT NAIROBI SE

At the Nairobi securities exchange, today Monday, July 31, 2017, it was down all the way except marginal 0.01% increase in All shares index to 161.36 thus still managing a new high.

There were in fact more prioce drops (20) than gains(14) within the day but Kes 10 gain in high priced Jubilee holdings and I & M Holdings 5.50% gain to Kes 114 per share must have effectively countered the push of the losers downwards.

Amongst the losers were equally high priced Williamson Tea, down 3.23% to Kes 186 per share; Nation Media down 4.42% to Kes 113 and Bamburi cement with 0.52% drop to Kes 191 but their margin of drop in Kes terms was not that high.

Top % gains were by SCAN group, up 8.05% to Kes 23.50; Umeme with 7.58% to Kes 14.20 per share and Crown Berger up 5.63% to Kes 75 per share.

Lead price drops were those recorded in Sasini, down 6.48% to Kes 25.5 per share; Uchumi supermarket with 5.26% to Kes 3.60 per share and the Nairobi securities exchange itself which closed down 4.76% to Kes 19 per share.

Safari com paced the market all round except in price shift as it closed firm. It recorded deals for 13.0m shares or 48.6% of total volume at between Kes 23.75 and 25 per share worth Kes 320m or 40.3% of traded value for the day.

The banking sector, as a group, then trailed with traded value of Kes 272m or 41% of the day's total. In volume terms, deals for 5.51m recorded in Cooperative bank paced the sector. Cooperative bank closed up 25 Kenyan cents to Kes 15.65 per share and recorded deals for the units for Kes86m.

However, the sector's lead traded value was in KCB group with deals for 2.277m units at between Kes 40 and 41 per share worth Kes92.8m. In the same sector, equity group recorded deals for 1.135m shares worth Kes 46m

The only other equity with deals for above 1m units was Ken Gen in the Energy and petroleum sector. It witnessed deals for 1.35m units while closing up 3.68% at Kes 8.45 per share. The deals were worth Kes 11m and so, accounted for above 50% of the Kes 20m traded value or 2.54% of total clocked in the sector.

The manufacturing and allied sector contributed Kes 95.7m or 12.06% to total traded value as deals were sealed for 326,500 shares in East African Breweries at between Kes 261 and 265 per share worth Kes86m.

Trading was low gain in the bond market with traded value closing at Kes 1.02bn in 20 deals although sell and buy back recovered to trade Kes300m.

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