NOV. 9 2017: NEW LOW TRADED VALUE AT NAIROBI SE.

Trending downwards like most market indicators today, November 9 2017 at Nairobi Securities Exchange, traded hit new low of Kes 159.16m.

As far as Henates can recall since daily reports on the market, this is the lowest level value traded in a day had dropped and indeed, represents the first drop below Kes 200m.

On October 16 2017, it had closed at Kes 201.35m as lowest traded volume of 7.241m shares changed hands. The new low however for traded value evolved as a total of 7.28m shares were dealt in representing slightly higher level than the October 16 figure.

On September 18 2017, traded value had closed at Kes 201.94m and the shares involved were far higher at 8.368m shares.

Some other days with relatively low traded value were September 22 when 10.03m shares were exchanged at total worth of Kes 214.04m and August 21 2017 when traded value of Kes 215.7m involved 8.78m shares.

It was a day of many drops in the equities market.The new low traded value was down 76.6% on yesterday's Kes 678.8m; trader volume declined by 74.6% to 7.28m, number of deals eased by 23.9% to 976 and to crown it all, the All shares index lost 0.14% or 0.23 points to 161.76.

The Index closed down as 18 price drops led to more Kshillings decline as against 16 price increases more of the marginal type.

Lead drop was clocked by Jubilee Holdings as it stay firm at Kes 471.00 per share through the day thus shedding Kes 16.00 share from yesterday's Kes 487.00 per share. It was trailed by  BOC Kenya's Kes 7.00 per share decline after hitting day high of Kes 110 and losing Kes 7.00 to close the day at Kes 103 per share.

The price gainers were paced by Kapchorua Tea with Kes 3.00 top up as it touched day high of Kes 173 per share, then eased to close at Kes 167 per share, still Kes 3.00 higher than previous day's Kes 164 per share.

East African Portland Cement, one of the few companies that released latest  results recently, added Kes 2.25 pee shares just slightly higher than Standard Group's Kes 2.00 per share gain. After these leaders, Diamond Trust Bank, and East African Breweries followed with Kes 1.00 per share gain.

Volume dropped mainly because only Safaricom and Barclay's bank witnessed deals for above 1m shares each. Safaricom recorded deals for 3.15m shares at between Kes 24.50 and 25.00 per share worth Kes 78m, almost 50% of day's total traded value.

Barclay's bank on the other hand witnessed exchange of 1.338m shares, its highest for quite a while worth Kes 13m.

The bond market today closed three days back to back with daily higher traded value. In all Kes 2.6bn worth were traded compared to Kes 1.9bn previously. Most of the deals were in stocks with above Kes 50m nominal value.

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