MAY 15, 2018: ASI DOWN 3RD DAY AT NAIROBI SE

The Nairobi Securities Exchange closed Tuesday May 15, 2018 with the All share index down for the 3rd day running under not too intense bearish pressure.

The ASI closed down 0.47 points to 174.87 after losing 1.4 points the previous day and 1.51 points on Friday to close the previous week.

This time the decline occurred as 25 price gains were recorded compared with 13 gains as Safaricom closed firm.

Apart from the almost double number of price drops, the spread of decline was bigger too .

With Ksh 3 per share each, Kakuzi ltd and East African Breweries led price drops followed by Stanbic Holdings down Ksh 2.50 per share.

On the other hand, top gainers were Williamson Tea, Standard Chartered Bank, Nation Media, Jubilee Holdings and British American Tobacco paced gainers with Ksh 1 per share each.

However, trade recovered very well to 37.04m from 13.18m shares in volume terms, valued at Ksh 1.257bn compared to Ksh 468.46m previously involving 1624 deals as against 1366 on Monday.

Top trade was recorded in Safaricom as 22.976m of its shares were sold at between Ksh 27 and 28.25 per share worth Ksh 630m or 50.11% of market total.

The banking sector on the other hand contributed Ksh 448m or 35.63% of traded value with Equity Group, recording deals for 5.074m units worth Ksh 259m at between Ksh 50 and 51 per share.

Traded value boosting and rather rare deals were recorded in Standard Chartered Bank; Jubilee Holdings, Total Kenya and WPP Scan Group that also made a difference.

WPP Scan witnessed deals for 2.158m shares worth Ksh 37.8m; SCB witnessed deals for 336,000 worth Ksh 70.9m; Total Kenya, up Ksh 0.25 per share, recorded deals for 108,300 units and Jubilee Holdings closed with 35,500 shares changing hands.

Some traditionally active equities stayed active though: KCB Group's 1.17m shares were traded within the day just like East African Breweries' 371,000 units for Ksh 92m at between Ksh 248 and 252 per share.

After five more than a week of daily improvement, the bond market slowed down Tuesday to record deals for Ksh 2.2bn compared to improved Ksh 3.15bn previously.

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