WEEK 42: BAT DOWN Kes57 AT NAIROBI STOCK MARKET

In view of the national holiday to celebrate Kenya's past heroes, the Nairobi securities exchange ended week 42 yesterday after 4 days of trading but even then, British American Tobacco Plc still ended the period down by Kes 57 per share or 7.06%.

Most of that was lost yesterday, Thursday October 19 as it went down Kes 40 per share. BAT had closed wednesday at Kes 790 per share then opened and closed the day at Kes 750 per share thus losing Kes 40.

Earlier, last Friday, it had closed week 41 at Kes 807 per share so, even by Wednesday, it had already gone down by Kes 17 per share before the Thursday dive. All through the 4-day week though, it witnessed deals for only 4200 units.

Though rather sharp a drop in a 4-day week, BAT did not however, record the highest % decline in price per share out of the 30 price drops recorded within the week. Unga Group led % price drop with 7.94% decrease followed by Ken Gen, down 7.47%.

On the other hand, there were 15 price gains within the 4-day week led by Sameer Africa up 3.85%, Car & General with 3.36% and Kenya Air up 3.23%.

Yesterday Thursday, Jubilee Holdings led day gainers by closing Kes 4.00 up. It closed Wednesday at Kes 477 per share, hit day high of Kes 485 and low of Kes 479 then closed at Kes 481 per share after deals for 22,600 units

Standard Chartered Bank also recorded a major Kes 9.00 drop yesterday Thursday after hitting day high of Kes 225 and low of Kes207 to close at Kes 216 per share with only 400 units changing hands.

The 4 day week's traded value was Kes 1.977bb involving a total of 74.117m shares. Of this value, Safaricom accounted for Kes 839m  or 42.44% worth of 34m shares traded at between Kes 24 and 25.25. Yesterday alone, only 2.985m shares were sold in it and it went down Kes 0.25 per share.

Other top traded equities within the week were Equity Group with 11.7m units being dealt in at Kes 423m out of which 6.733m was the leading trade yesterday; KCB group which witnessed deals for 8.352m shares within the 4-day week worth Kes 308m with Thursday accounting for 1.466m and Ken Kobil with deals that involved 4.482m shares traded at between Kes 14.50 and 15 worth Kes 65m as Thursday closed with deals involving 3.202m shares.

In the end, the All shares index eases by 2.71% or 4.32 points to 154.33 within the 4 day week reflective of the mood of the marker all through the period.

Recovery in the bond market almoat in sight fizzled out within the week as traded came to Kes 4.2bn as against Kes 5.2bn  in week 41 perhaps if it had been a full 5 day week, the story would have been different.

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