MAY 18, 2018: BRITISH AMERICAN TOBACCO UP Ksh 14 AT NAIROBI SE

The Nairobi Securities Exchange closed Friday May 18, 2018 with British American Tobacco leading 13 price gainers by Ksh 14 per share.

Partly because of this and with good helping hand from Crown Paints and, of course, Safaricom the All share index ended 3rd of trading with gains rising this time by 0.49 points to 179.25.

On May 16 it has risen 2.75 points or 1.57% to 177.62 then topped up some more May 17 to close at 178.76.

The BAT lead gain as Friday trade closed the week was clocked in the course of 2400 shares changing hands in a week it recorded deals for 205,000 units total worth Ksh 123m.

During the Friday trade, BAT hit day high of Ksh 639 per share and a low of Ksh 610 before closing at Ksh 616 per share, compared to Ksh 602 on Thursday. Thus, BAT topped up by 2.79% on previous week's close.

Crown Paints in the Construction sector also closed Friday fairly strongly as it gained Ksh 7.50 per share as only 100 units of its shares changed hands. It was a simple gain as it found and settled at Ksh 87.50 per share as against Ksh 80 per share the previous day.

Safaricom was the third leg of the tripod that drove the ASI upwards as it closed up Ksh 0.25 per share while recording yet another day high deals for 6.653m shares which brought the total for the whole week to 47m shares dealt at between Ksh 29 and 29.50 per share worth Ksh 1.3bn.

Indeed it was a surprise of sorts that the index did not leap faster on Friday because even though 30 price gains were recorded, most were below Ksh 1 per share.

The exceptions to this below Ksh 1 per share mark were only five out of the 30: Standard Chartered Bank, Bamburi Cement, Total Kenya, Centum Investment and Nation Media.

The lead drop was by Standard Chartered which eased by Ksh 3 per share after hitting day high of Ksh 211 per share and low of Ksh 205 before closing at Ksh 209 compared to Ksh 212 per share the previous day.

It was trailed by Bamburi Cement, down Ksh 2 per share, Total Kenya with Ksh 1.50 per share decline; Centime Investment down Ksh 1.25 per share and Nation Media with Ksh 1 per share drop.

The market was abit bearish about the commercial and allied services sector as all 5 price changes recorded were downwards.

In the banking sector, five price drops and 3 gains were recorded. The sector also contributed Ksh 1.3bn to the week's traded value or 39.4%.

On Friday, May 18 Equity Group paced the sector with deals for 2.748m shares bringing its total all week volume to 12m valued at Ksh 623m though down 2.45% per share during the week.

KCB Group too chipped a good sum with deals for 2.14m shares on Friday bringing its total all week volume to 7.4m worth Ksh 373m.

In the end, as Friday traded volume dropped by 0.36% to 16.46m shares and traded value declined too but by 7.85% to Ksh 515.3m, all week traded closed at 97.9m shares worth Ksh 3.3bn compared to 172m shares valued at Ksh 4.7bn the previous week.

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