AUG 10, 2018: LAST WEEK AT NAIROBI SECURITIES EXCHANGE

Last week was a mixed bag of trends at the Nairobi Securities Market as the All share index closed up by 0.98% while traded volume and value declined by 36.8% and 43.9% respectively.

The ASI had started the week on Monday August 6, with a decline and ended it on Friday August 10, the same way but in between, 3 days of consecutive gains was enough to keep it above previous week's level.

It close Friday at 172.84, compared to previous Friday's 171.17 mainly because very dominant number of positive price changes including Safaricom's Ksh 0.75 per share, had lifted it by 2.58 points to 173.58 on Wednesday before topping up to 173.95 on Thursday.

On Friday there were remarkable positice price changes as well as Stanbic Holdings and East African Breweries rose by Ksh 6 per share each but Safaricom's down swing by Ksh 0.50 per share and previous heavy price drops by British American Tobacco had neutralised them even as price and gains were 17 apiece same Friday.

Also, many companies were up today, down tomorrow or next like Williamson Tea, East African Breweries, Unga and I & M Holdings thus reducing their impact on the ASI.

In terms of trade the week was most active on Wednesday when 17.841m shares were exchanged for Ksh 477.239m although deals struck was 2nd highest at 1216 behind Tuesday's 1224.

Trade by companies was, as usual, paced by Safaricom as it recorded deals for 21m shares worth Ksh 604m, or 34.7% of all week total. Of this, Friday was responsible for a fair portion in the form of deals for leading 4.94m shares out of 10.059m market total for the day.

KCB Group too  recorded deals for 2.498m shares on Friday, more than daily share of the total 9.5m of its shares traded through the week for Ksh 478m total worth.

However, despite recoding below average trade through the week, relatively high priced East African Breweries still gatecrashed into the top 5 by value with Ksh 143m traded value ahead of Ken Kobil and displacing Ken Gen altogether.

One rare trade on Friday was Standard Chartered Bank's 156,700 shares exchanged that day while it added Ksh 1 per share to rise by Ksh 3 per share for the week.

At the bond market, there was a slight improvement from previous week's Ksh 9.6bn traded value to Ksh 10.8bn.

ALL SHARE INDEX

Friday 10/8/2018:        172.84
Thursday.                       173.95
Wednesday.                   173.58
Tuesday.                         171.06
Monday.                          170.76
Friday 3/8/2018.            171.17

TRADED VOLUME m

Friday 10/8/2018.        10.059
Thursday.                        8.643
Wednesday.                  17.841
Tuesday.                        14.586
Monday.                           7.608

TRADED VALUE Ksh m

Friday 10/8/2018.       352.830
Thursday.                      288.290
Wednesday.                  477.239
Tuesday.                        392.726
Monday                          226.626

DEALS:

Friday 10/8/2018.         994
Thursday.                      1191
Wednesday.                  1216
Tuesday.                        1224
Monday.                         1215

TOP 5 VOLUME. m

Safaricom.           21
KCB Group.            9.5
Equity Group         3.9
Ken Gen.               3.0
Ken Mobil.            2.5

TOP 5 VALUE  Ksh m

Safaricom.         604
KCB Group.       478
Equity Group.    203
East African B. 143
Ken Mobil.           45.1


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