FEB 26, 2018: ASI DOWN DESPITE MAJOR GAINS AT NAIROBI SE.

At the Nairobi Securities Exchange today February 26, the All share index eased by 0.14 points to 180.64 despite gains by some major high priced equities.

Sure, there were 21 price drops against 13 gains but leading gains by high price equities like I&M Holdings; Williamson Tea, Standard Chartered bank and Total Kenya only slowed down the ASI growth.

This was perhaps because another set of high priced equities like East African Breweries Jubilee Holdings and Diamond Trust Bank led the road downwards as Safaricom closed firm.

Last Friday, I& M Holdings closed week 8 losing Ksh 4 per share to pace the market. Today, it gained back just the same amount to lead gainers as it found back and closed at Ksh 120 per share.

Standard Chartered Bank and Williamson Tea  followed with Ksh 3 per share gain each. SCB hit a high of Ksh215, low of Ksh 210 then closed at Ksh 211 per share, up on the Ksh 208 on Friday.

Williamson Tea, on the other hand, hit a high of Ksh 159 and low Ksh 155 per share before closing at Ksh 158 per share.

East African Breweries paced price drops with Ksh 4 per share as it touched day high of Ksh 243 then hit low and closed at Ksh 240 per share.

On its trail was Jubilee Holdings dropped by Ksh 3 per share as it just slipped to Ksh 501 compared to Ksh 504 last Friday.

Trading was up significantly mainly as a rare 31.32m offload  worth Ksh 496m at between Ksh 15.50 and 15.95 per share in Ken Kobil even though closing firm.

This accounted for the bulk of the Ksh 578m  contributed by the Energy and Petroleum  or 42.06% of the market's Ksh 1.378bn traded value compared to Ksh 808.05m on Friday.

In the same sector, Ken Gen, up 4.06% or Ksh 0.35 per share recorded deals for 8.57m shares worth Ksh 76.9m.

Safaricom while closing firm, witnessed deals worth Ksh 428m ot 31.11% at between Ksh 29.25 and 39.75 per share.

The banks chipped in 22.6% or Ksh 310m per share to total traded value  as all the 11 listed equities recorded deals led by Equity Group with deals for 5.48m shares worth Ksh 235m at between Ksh 43 and 43.50 per share then closing up by Ksh 0.25 and NIC Group up 1.41% with 1.48m shares changing hands worth Ksh 53m.

At the bond market, traded value was only Ksh 1.28 bn.




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