FEB 20, 2018: VALUE PACES AT NAIROBI SECURITIES EXCHANGE

Today at the Nairobi Securities Exchange, relatively high volume deals in banking and high priced equities helped traded value growth at 419%, to Ksh 1319.55m outpace equally strong 297.9% rise in traded volume to 35.04m.

Of course, the recovery was from yesterday's low but rare volume deals in Equity Group, KCB Group, Nation Media, East African Breweries and a couple of others sealed the more than five times increase in traded value.

Leading the market volume, Equity Group witnessed deals for 10.547m shares worth Ksh 456m at between Ksh 43 and 43.25 per share while closing up Ksh 0.50 per share.

This accounted for more than 50% of the leading traded value by the banking sector of Ksh 801m or 60.73% of market total.

Other major contributors include KCB Group, up Ksh 0.25 per share, in which 6.3m shares changed hands for Ksh 288m; Barclay's bank with deals for 1.638m units and Diamond Trust Bank, up Ksh 1 per share with deals for 102,000 shares.

The manufacturing sector chipped in Ksh 131m or 9.95% to total traded value as East African Breweries recorded deals for 435,200 shares worth Ksh 106.6m.

EAB hit day high of Ksh 249 per share, slipped to a low of Ksh 247 then closed at Ksh 247 per share, down Ksh 2 or 0.81%.

Nation Media also witnessed deals for relatively high 449,000 units worth Ksh 47m at between Ksh 43 and 43.25 per share thus accounting for bulk of the Ksh 51m traded value in the commercial sector.

Of course, Safaricom recovered from yesterday's low point too recording deals for 8.747m shares worth Ksh 262m at between Ksh 29.25 and 30 per share.

It ended the day at Ksh 29.75 per share though thus gaining Ksh 0.50 per share for the day.

This gain definitely helped the All share index to close up 1.53points at 181.74 despite there being only 17 price gains compared to 23 drops.

The gainers were paced by Jubilee Holdings up Ksh 3 per share as it rallied to close at Ksh 503 after slipping from day high of Ksh 505 to low of Ksh 500 as 21,300 units were exchanged.

On the other hand, top price drop by Crown Paints, down Ksh 2.50 per share as it found and closed at Ksh 78 compared to Ksh 80.50 per share yesterday.

Trading at the bond market picked up significantly as well as without sell or buy back and corporate stock deals, Ksh 4.3bn worth was traded in 60 deals compared to Ksh 2.91m in 37 deals previously.


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