WEEK 43: AMAZING 3-DAY WEEK AT NAIROBI SE.

It was just a 3-day week in which political uncertainty and violence reared ugly heads as Kenya had a rerun of the presidential elections, yet it closed with the All shares index closing 3.19% to 159.87.

The bears were no where in sight in spite of the thick political clouds as 33 price gains were recorded as against only 9 drops.

Top of the gainers in % terms was ARM Cement up 12.45% as it closed at Kes 14.9 per share compared to last week's Kes 13.75. It then recorded deals for 6.886m shares worth Kes 102m accounting for virtually all of the Kes 103m traded value recorded in the Construction and allied sector through the week.

Longhorn Publishers followed with 11.88% gain, ahead of 10% each by CIC Insurance and Car & General ltd, the lone equity now left in the auto sector.

The price drops were paced by less dramatic 9.72% decline by Express Kenya to Kes 3.25 per share from Kes 3.60 and Umeme ltd with 7.31% decline to Kes 12.05 from Kes 13.00 per share.

Indeed, price changes today Friday October 27 were more dramatic as 24 gains and 11 price drops were recorded.

Most dramatic was the Kes 15.00 per share drop witnessed by British American Tobacco as it hit day high of Kes 770 and low of Kes 751 before closing at Kes 755 per share.  

However, at that level, BAT actually gained Kes 5.00 or less than 1% per share on previous week's close.

Top increase today was recorded as Williamson Tea high day high of Kes 175 per share then slipped to close at Kes 172 thus gaining Kes 6.00 per share on week 42's Kes 166 per share close.

Traded volume and value dropped by 50.5% to 10.61m shares and by 41.5% to Kes 247.27m today but the 3-day traded value at Kes 2.119bn surpassed week 42's Kes 1.9bn although traded volume was lower at 66.725m units compared to 74m shares previously.

Week 43's top trades were recorded in Safaricom with deals for 26.57m shares at between Kes 35.75 and 25.50 per share even though only 1.8m changed hands today. The worth of the deals was Kes 647m or 30.53% of the market's total for the week.

The banking sector chipped in leading 33.3% or Kes 705m of the week 43 traded value with KCB Group accounting for Kes 331m of which 3.097m changed hands today; Equity Group throwing in Kes 334m worth of deals involving 9m shares with today accounting for 2m units and Barclay's bank recording deals for 1.5m shares worth Kes 14m.

Traded value at the bond market today came to Kes 1.195bn in 47 deals compared to Kes 2.128bn before the 2-day holiday but w 3-day week 43 still closed with Kes 3.5bn traded value as against Kes 4.2bn previously.

Today, almost as usual, there were no deals in corporate bonds while sell or buy back witnessed deals in two 20 year  stocks redeemable in 2028 and 2036 respectively worth Kes 200m in each stock.


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