SEPT 12, 2017: BRITISH AMERICAN TOBACCO UP Kes 4O

At Nairobi securities exchange today September 12, 2017 British American Tobacco PLC led 18 price gains by a long distance of Kes 40 per or 5%.

BAT had closed yesterday at Kes 800 per share, then opened and closed the day at Kes 840 per share. It recorded only a minor deals though for just 100 units.

The second highest Kes gain for the day was by BOC Kenya, up Kes 6 per share or 5.83%. It closed yesterday at Kes 103, hit day high of Kes 110 and low of Kes 105 before closing at Kes 109 per share.

The pressure from the 18 gainers resulted in marginal 0.26% or 0.44 points growth in the All shares index to 166.76 making it more than a week of rally from the post election results cancellation crash of September 4.

Other major gainers were Crown Paints, up Kes 4 or 5.26%; Standard Chartered bank up Kes 3 per share and ARM cement which closed 8.94% up or Kes 1.35 per share 

There were 11 price gains and almost like for BAT, Kakuzi PLC led with Kes 16 or 4.76% down by a distance. It closed yesterday at Kes 336 then opened and closed at Kes 320 with deals for only 600 units.

East African Breweries trailed with Kes 2 per share drop to Kes 247. It had closed at Kes 249 yesterday, hit a day high of Kes 250 but slipped later to the closing level.

Of the major price shifts, EAB was the one with above 1m traded volume. It witnessed deals for 1.298m at different prices through its up and down movement for final traded value of Kes 321m.

Trading indicators closed up on yesterday's levels with traded value rising by 9.91% to Kes 1.13bn; traded volume increasing by 3.56% to 32m shares and number of deals rising byb4.76% to 1189.

Leading trade was in Safaricom in which 14..7m shares or 45.7% of market volume changer hands at between Kes 25.75 and 27 worth Kes 384m or 33.9% of total. Safaricom had closed at Kes 26 per share yesterday, hit a high of Kes 27 and a low of Kes 25.75 before closing firm at Kes 26.

The banking sector was active too as usual Equity group hitting a high of Kes 39.50 and low of Kes 38.75 recorded deals for sector leading 3.9m shares worth Kes 153m. 

Close on its heels was KCB group with deals for 1.681m units worth Kes 70.7m; Cooperative bank with deals for 1.689m worth Kes 27.8m and Barclay's bank with deals for 1.48m shares.

Ken Kobil in the Energy and Petroleum sector also witnessed deals for 3.79m units at between Kes 16.30 and 16.60 per share worth Kes 62m out of the total of Kes 66m traded value in the sector.

The bond market continued to recover with traded value closing at Kes 2.8bn compared to Kes 1.7bn yesterday.

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