MAY 23, 2018: ALL SHARE INDEX DOWN AT NAIROBI SECURITIES EXCHANGE.

Henates is unable to give you full analysis of developments at the Nairobi Securities Exchange for May 23 2018 because of no update from the exchange but from the information we gathered, the All Share index went down again after May 22 rally.

As number of price gainers outstripped price losers May 22, the ASI had recovered by 0.42 points to 178.14 but May 23, it eased by 1.1 Points or 0.62% to 177.04.

This was as 16 price drops and 15 gains were recorded and Safaricom was amongst the losers. It dropped by Ksh 0.25 per share thus losing the same amount it gained May 22.

Lead gain was however recorded by Unga Group as it closed Ksh 2.75 per share up followed by Ksh 1 per share gains by Sasini and Sanlam ltd. For Sasini this amounted to 4.44% gain while for Sanlam, it came to 4.35% per share.

The spread of price drops was wider though with Jubilee Holdings leading Ksh 37 per share or 6.92% down with Diamond Trust Bank trwith Ksh 4 or 2.01% decline and East African Breweries down Ksh 3 or 1.27% per share trailing Jubilee.

Trading picked up considerably Wednesday May 23 with traded volume almost doubling to 50.948m shares from 28.279m previously and traded value coming to Ksh 1.068bn as against Ksh 571.796m in May 22.

There was also corresponding increase in number of deals to 1417 from 1328 clocked the previous trading day.

Market attitude towards banking and Commercial and allied sectors was clearly opposite. While of 5 price changes 4 were negative for banks, the opposite was the case for commercial and allied sector: two drops and 4 price gains out of 6 price changes.


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