JAN 26, 2018: SAFARICOM TOUCHES NEW YEAR HIGH AT NAIROBI SE

Today January 26, 2018 top capitalised equity at the Nairobi Securities Exchange touched a new year high of Ksh 30.50 per share then closed at Ksh 30, up Ksh 0.25 on its previous high of Ksh 29.75 per share.

From yesterday's Ksh 29.75 per share close, it had hit day low of Ksh 29.50 then the new year high before closing up.

This was partly instrumental to the All share index ending the day up by 1.14 points at 181.69 which itself was 1.52 points or 0.84% higher than last Friday's close.

Decoded the bulk of the ASI week 4 upswing was clocked today but certainly not on the shoulders of Safaricom alone.

Top gain was by high priced Bamburi Cement up Ksh 3 per share as it closed at Ksh 173 per share after hitting day low of Ksh 172.

This was followed by Kapchorua Tea with Ksh 2.50 per share advance and NIC up Ksh 1.25 per share.

The day's top drops include Ksh 5 per share easing by British American Tobacco to Ksh 770 per share; and Ksh 2.25 per share price decline in Eaagads.

In all there were 21 price gains and 18 drops with corresponding total week 4 coming to 30 price drops and 19 gains 

Kapchorua Tea led week 4 % gainers with 9.86% rise to Ksh 390 per share while the losers were heralded by Eaagads  in the agricultural sector with 18.18% or Ksh 4 per share decrease followed by East African Portland down 13.39%.

Trades volume and value increased today from 26.49m shares to 36.39m and Ksh 1.02bn from Ksh 877m respectively.

As usual Safaricom led both volume and value traded with deals for 26.17m shares thus consolidating its total week 4 figures at 65.13m shares and Ksh 1.9bn. This meant it almost accounted for 50% of total market traded volume and value for week: Ksh 4bn and 131m shares.

The banking sector with Ksh 1.5bn accounted for 37.93% of the week's traded value as Equity group recorded weeklong deals for 15.6m shares worth Ksh 672m at between Ksh 42.5 and 44.5 per share; as KCB Group, down 3.31% chipped in Ksh 303m worth of deals for 6.9m shares, of which 1.29m changed hands today and as Coperative bank, down too but by 1.49%, Ksh 240m worth of deals.

With Ksh 61.8m traded value for the week involving 357,700 shares, Bamburi Cement almost solely accounted for the Construction sector's all week Ksh 70m or 1.69% of total. A total of the Bamburi shares were sold at between Ksh 169 and 173 per share with today alone witnessing deals for 345,700 units.

At the bond market, traded value stood at Ksh 551.7m today in 55 deals compared to Ksh 1.39bn yesterday in 58 deals.

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