MAY 7, 2018: BRITISH AMERICAN TOBACCO DROPS AT NAIROBI SE.

At the Nairobi Securities Exchange yesterday May 7, 2018, British American Tobacco more or less dragged the All share down as it tumbled in a solo.

The ASI closed at 179.25, down 0.06% or 0.11 points as BAT led 19 price declines with Ksh 15 or 2.31% per share drop.

While deals for just 300 shares were being struck, BAT hit day bottom of Ksh 605 per share then closed at Ksh 635 compared to Ksh 650 per share the previous day.

Diamond Trust Bank was its closest on the way down as it lost Ksh 4 per share followed by Ksh 3 per share drop by Total Kenya and Ksh 1 per share decline by three high priced equities: I&M Holdings, Bamburi Cement and East African Breweries.

Leading 11 price gainers for the day, Jubilee Holdings rose by Ksh 4 per share as it found and closed at Ksh 535 per share compared to previous day's Ksh 531.

Unlike for price losers, no other equity closed up with above Ksh 1 per share. Closest to Jubilee Holdings Ksh 0.75 per share rise by NIC Group; Ksh 0.70 per share gain by WPP Scan and Ksh 50 per share top up by KCB Group and Equity Group.

Compared to Friday, trade was on the low side with traded volume closing at 31.88m compared to 51.04m shares previously.

Traded value declined to Ksh 845.2m from Friday's Ksh 1.517bn while number of deals came to 1368 compared to 1430 previously.

There was decline too at the Bond market as traded value closed at Ksh 1.555bn in 44 deals as against Ksh 2.4bn in 60 deals on Friday.


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