AUGUST 15, 2017: GENTLE WAKE UP AT NAIROBI SECURITIES EXCHANGE

Today, August 15, 2017, it was more or less gentle wake up from recent lows at the equity market but the bond end still await new steam.

In contrast to last two trading days, the market was far less bullish today and so, the All shares index came down from its high by 0.06% to 166.71 but trading indicators trended up.

In particular, investors interest seems on the increase as for the second consecutive trading day, number of deals stayed above 2000 mark as it rose by 18.5% from yesterday's 2026 to 2400.

Traded I closed up by 5.25% at 361.38m units while traded value came to N842.5m , up 4.98%.

Safaricom bounced back after a couple of days in the back bench as it witnessed deals for 11.6m units at between Kes 24 and 25.50 per share worth Kes 289m. Thus, it accounted for 32.1% of volume and 34.3% of traded value.

The banks,as one sector, paced with Kes 315m traded value or 37.46% of market total. The bulk of that came from deals for 3.83m units in Equity group worth Kes 169m as the shares were traded at between Kes 43 and 44.75 per share.

KCB group too chipped in a good portion as 1.76m of its shares changed hands in deals worth Kes 79.8m.

Indeed all of the 11 equities quoted in the sector witnessed deals but still worth noting were sealed deals in NIC Bank for 766,200 shares worth Kes 27.7m and Cooperative bank's recorded deals for 1.1m units.

By sectors, the Manufacturing and allied sector recorded 3rd highest contribution to traded value as it chipped in Kes 108m or 12.89%. This was, as usual, principally from deals sealed in East African Breweries for 365,200 shares at between Kes 265 and 268 per share worth Kes 97m although Mumias recorded deals for 1.54m units and Carbacid closed with deals for 594,100 units.

Traded value at the bond market was slightly up at Kes 666.4m in 26 deals compared to Kes 524.99m in 20 deals yesterday.

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