WEEK 41: FRIDAY DIFFERENCE AT NAIROBI SECURITIES EXCHANGE

As far as week 41, that ended yesterday at the Nairobi securities exchange, went trading on the last day, yesterday October 13, made a difference.

Yesterday, traded value closed 225.9 % up at Kes 846.8m thus helping total traded value for the week up by 62.5% at Kes 2.6bn.

Also, total traded volume yesterday grew by 1.09% to 25.4m shares thus driving the week's volume to 83m shares compared to 62m units in week 40.

After Monday's 0.32 points rise to 161.03, the All shares index had lost ground every day for the next three trading days before Friday ended with 0.15 points recovery to 159.25.

Thus, compared to 166.71 the previous Friday, the ASI ended week down by only 1.46 points or 0.91% in spite of the consecutive three days downwards.

As usual, Safaricom led both traded volume and value within the week accounting for 39.4m shares  traded at between Kes 24.75 and 25.50 per share worth Kes 987m or 38.75% of market total traded value for the week.

To this Friday, the last trading day, contributed its fair share with deals in Safaricom that resulted in the exchange of 11.955m shares or 30.2% of the total for the week.

Much the same way, yesterday's deals for 7.964m shares impacted in no small measure on KCB group's 8.8m shares exchanged within the week valued at Kes 329m at between Kes 37 and 41 per share.

This helped the banking sector to chip in Kes 818m traded value or 31.26% of the week's total market traded value.

Of course, this was with some help from Equity group with deals worth Kes 29m  with Friday accounting for 1.735m shares out of the lot.

Cooperative bank too also contributed deals for 4m shares worth Kes 66m.

In all there 15 price gainers in week 41 and 29 losers. In % terms, top gain was by Express Kenya, up 11.94% to Kes 3.75 per share; followed by Car & General with 9.01% increase and Kapchorua Tea up 8.11%

Top gain in Kes was however by British American Tobacco as it closed the week at Kes 807 per share, up Kes 7.00  or 0.88%. and Bamburi Cement with Kes 4.0 gain to Kes 179 per share.

The % price losers were led by Nairobi Business Ventures down 16.67% to Kes 1.75 per share followed by Ken Kobil down 9.09% to Kes 14.50, KCB group with 7.50% drop to kes 37 per share and Britam Holdings down 7.24% to Kes 14.1 per share.

Diamond Trust Bank lost Kes 6.0 per share to close the week at Kes 179; and I &M Holdings shed Kes 4.0 per share to Kes 122  per share.