MAY 30, 2018: JUBILEE HOLDINGS, KAKUZI TUG AT NAIROBI SE

At the Nairobi Securities Exchange Wednesday, May 30, 2018, which way for the All share index was a tug of war between Kakuzi Ltd and Jubilee Holdings which Safaricom helped Kakuzi win.

Both equities closed down or up by relatively wide margins while pacing 22 price drops and 18 gains.

Jubilee Holdings had quite a price leap as it found and closed at Ksh 520 per share compared to Ksh 500 on Tuesday.

Kakuzi, on the other hand, while recording deals for just 1000 units, tumbled by Ksh 16 per share after a struggle of sorts. 

It hit day high of Ksh 336 per share, slipped to Ksh 334 then closed at Ksh 335 per share, way below Ksh 351 per share the previous day.

In the end, the ASI was down yet another day losing 0.89 points to 173.20 as Diamond Trust Bank also went down Ksh 4 per share; Nation Media lost Ksh 2 per share and as Sanlam and The exchange itself lost Ksh 1.50 and Ksh 1.20 per share respectively.

Of the major price drops, that of the Exchange had a colouring of its own since it witnessed fairly deals for fairly rare 1.119m shares worth 18m shares while dropping by 6.68% per share.

However, Safaricom sealed the ASI slide with Ksh 0.25 per share drop while pacing lower market with deals for 7.646m shares at between Ksh 28 and 28.50 per share worth Ksh 216m or 33.13% of the day's traded value (Ksh 652.33m as against Ksh 804.87m previously).

The banking sector, as a group, paced traded value  though with Ksh 332m or 50.89% of market total as Equity Group led the sector with deals for 4.197m units traded at between Ksh 47.25 and 49 per share worth Ksh 205m.

KCB Group, down 1.07% or Ksh0.50 per share, chipped a good portion too with deals for 2.155m shares worth Ksh 99.9m.

ARM Cement rose by Ksh 0.25 or 9.26% per share while deals for 5.524m shares were being struck for Ksh 16.3m total worth.

Ken Gen was another equity in which deals for above 1m shares were struck. It closed with deals for 2.3m shares worth Ksh 17m while 2.12% or Ksh 0.20 per share.

Unlike for Tuesday, the bond market took a dive with traded value closing at Ksh 1.9bn compared to Ksh 4.14bn previously.

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