NOV 8 2017: MARGINAL DROPS AT NAIROBI SECURITIES EXCHANGE

At the Nairobi securities exchange today November 8, 2017, it was easy for the All shares index to rise by 0.40% to 161.99 as pull downwards was minimal as all price drops recorded were below Kes 1.00 per share except one.

Lead drop was witnessed by Sasini ltd which shed Kes 1.75 per share to record rare deals for 1.02m shares. From yesterday's Kes 27.75 per share, Sasini dropped to close at Kes 26.00.

Trailing Sasini from a distance was Sanlam ltd which decreased by Kes 0.75 per share.

In all there 18 price drops and Sanlam's was followed by Umeme ltd, down Kes 0.55 per share and the duo of WPP Scan group and Kenya Reinsurance with Kes 0.50 per share decline each.

On the other hand, 17 price gainers emerged at the end of the day's trading with five equities topping up by above Kes 1.00 each.

Lead gain was by Kakuzi which closed the day at Kes 345 per share, up Kes 21.0 on yesterday's Kes 324 and  B OC Kenya which stayed at Kes 110.0 per share through the day thus topping up by Kes 10.0 per share on yesterday's closing Kes 100 per share.

Both were trailed by Bamburi Cement in which 21,700 shares changed hands as it stayed firm too but at Kes 180 per share through the day thus adding Kes 3.00 pee share to previous day's Kes 177 per share.

The other major gainers were Standard Chartered bank, up Kes 2.00 per share and Diamond Trust Bank and Unga Group with Kes 1.00 gain per share each

Trading closed down though with traded volume dropping by 37.4% to 28.68m shares and traded value easing even further by 38.8% to Kes 678.8m.

Like for yesterday, Safaricom paced both volume and value although at lower levels. It recorded deals for 15.3m or 53.5% of traded volume at between Kes 24.50 and 25.25 per share worth Kes 381m or 56.1% of traded value.

The banks accounted for 25.23% of traded value or Kes 171m with Cooperative bank pacing with deals for 4.05m shares at between Kes 16.30 and 16.50 per share worth Kes 66m; Equity group witnessing Kes 51m worth for 1.269m units at between Kes 39.75 and 40.75 per share and KCB group, throwing Kes 33m as 807,900 shares changed hands 

Ken Kobil was the only equity with deals for above 1m units. A total of 2.765m of its shares changed hands at between Kes 14.95 and 15.40 per share worth Kes 41m.

The bond market improved on yesterday's trading recording Kes 1.975bn traded value compared to Kes 1.624bn previously.

All segments of the market were active: Government bonds of above Kes 50m nominal value dominated but sell or buy back recorded deals in one fixed income bond for Kes 350m and amongst corporate bonds Britam's medium term 5-year note issued in 2014 at 13% witnessed Kes 10m traded value.

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