BAT UP KSH 22 AT NAIROBI SECURITIES EXCHANGE

Despite recording 23 price gainers as against 20 losers, the All share index at the Nairobi Securities Exchange closed 1.3 points or 0.74% up today, Monday January 15 as British American Tobacco gained Ksh 22 per share.

The ASI swing upwards was, however, helped more by Ksh 0.50 per share rise in Safaricom ltd. As the dominant equity by market capitalisation, it helped the ASI much more as Safaricom hit a new all time high of Ksh 29.25 per share, before closing at Ksh 28.75 which was still Ksh 0.50 higher than Friday's Ksh 28.25 per share.

BAT had just risen to Ksh 775 per share and held on there till the end of day, thus topping with leading Ksh 22 per share as deals were struck for only 200 shares 

Trailing from quite a distance was Kakuzi in the agricultural sector up Ksh 5.00 per share followed by Eaagads in the same sector with Ksh 2.75 per share gain and East African Portland which ended the day Ksh 1.75 higher.

The losers, on the other hand, were led by high priced Bamburi Cement as it hit a day high of Ksh 171 before closing at Ksh 170 per share, that is down Ksh8.00 on Friday's Ksh 178 per share.

Noteworthy was the fact that market was more or less bearish about the banking sector as 6 price drops and 2 gains were recorded. Here, paced the sector and then trailed Bamburi with Ksh 3.00 per share drop followed by Ksh 2.00 decline in Standard Chartered bank.

The two gainers in the sector up Ksh 0.50 each. Barclay's bank, incidentally leading the market with 5.438m volume traded at between Ksh 9.70 and 9.80 per share worth Ksh 53m closed Ksh 0.50 up on Friday's close just like KCB group in which deals were struck for 1.117m units worth Ksh 50m.

The market was abit bearish too about commercial and services as out of 10 price changes, 6 were drops led by Ksh 2.00 per share decline by Nation Media.

Traded volume and value recovered slightly to 15.96m shares and Ksh 394.778m respectively compared to 12.2m shares worth Ksh 375m on Friday 

Safaricom traded rather low as deals were struck for only 3.75m shares while in the Energy and petroleum sector, Ken Kobil registered the last of above 1m shares as it witnessed deals for 1.754m shares.

The bond market too recovered slightly with traded value coming to Ksh 1.223bn in 50 deals compared to Ksh 880m in 38 deals on Friday 

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