NOV. 13, 2017: GAINERS ON FINGERTIPS AT NAIROBI SE.

Today, Monday November 13, 2017 price gainers at the Nairobi securities exchange could be counted on fingertips as pessimism seems to be back after playing hide and seek during the rerun presidential elections boycotted by the opposition.

In all there were only 6 price gains as against 25 drops spread across the market minus Safaricom, which closed firm.

Top gain was by Crown Paints, up Kes 2.00 per share as it rose to Kes 79.00 and closed there from Friday's Kes 77.00 per share. Only 100 units of its shares changed hand though.

Other gainers include WPP Scan group with Kes 1.65 per share gain; Bamburi Cement up Kes 1.00; Britam Holdings (plus Kes 0.20 per share); Trans century up Kes 0.15 per share and Longhorn Publishers with Kes 0.05 per share top up.

On the other hand, the crowded price drop scene was paced by East African Breweries, down Kes 4.00 per share as it hit day high of Kes and slipped further to close at Kes 240 compared to Friday's Kes 244 per share. EAB ended the day with deals for 53,700 units.

Other major price drops include Sanlam Kenya's Kes 2.00 per share decline; Stanbic Holdings shedding of Kes 1.75 per share and Kes 1.00 per share drop each by Kapchorua Tea; Standard Chartered bank; and  Nation Media.

Indeed, most hit by the bearish wind of the day was the banking sector in which 7 out of 11 quoted companies ended down though not in earth shaking ranges.

Aside from Stanbic Holdings and SCB mentioned earlier, National Bank eased by Kes 0.85 per share; KCB group shed Kes 0.75; Equity group declined by Kes 0.50; HF Group and Cooperative bank closed down Kes 0.20 and 0.05 per share respectively.

The four equities in the sector that closed firm were Barclay's bank; Diamond Trust bank; I&M Holdings and NIC bank.

At the end of the day, the All shares index closed down 0.63 points at 160.34 unlike trading indicators which ended up without exception.

Traded volume rose by 76.8% to 30.76m; traded value increased by 58.2% to Kes 805m and number of deals at 1088 was 18.8% on Friday's 916.

Safaricom still paced volume and traded value with deals for 25.8m shares or 84% of market volume at between Kes 24 and 24.75 per share worth Kes 633m or 78.67% of traded value.

The banks accounted for Kes 114m or 14.23% of traded value with KCB group recording deals for 1.59m units at between Kes 39.25 and 41 per share worth Kes 63.6m; Equity Group chipping in Kes 40m as 1m shares changed hands even as it eased by Kcents 50 and Cooperative bank witnessed deals for 301,700 shares worth Kes 4.8m.

The bond market closed fairly active recording 31 deals worth KesKes 2.17bn compared to Kes 2.21bn in 28 deals last Friday.

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