OCT 20, 2018: LAST WEEK ONE TO REMEMBER AT NAIROBI. SE.

Last week ended Friday October 19, 2018 was one that will be hard to forget easily at Nairobi Securities Exchange because all market indicators closed on the go.

The All share index rose by 1.44% to 146.33 despite so many price drops; traded volume leapt by 181% to 130.380m shares  for traded value up 134% to Ksh 2.676bn in 5900 deals, up 16.6%.

The week had started with the ASI crumbling to 141.78 from previous week's closing 144.25 but it rallied by Tuesday and continued to inch upwards daily till the end.

But , some credit must go to what happened to Safaricom within the week not only in terms of its usual leading volume and value but more importantly as price discovery struggles led to its daily price changes that culminated in Ksh 0.75 per share gain at the end of the week.

It made some difference especially as many other equities like Williamson Tea, Equity Group, KCB Group, Nairobi Securities Exchange, East African Breweries, Centum Investments and Kenya Reinsurance also had daily price changes that evened out into mild weekend positions.

Lead drop was by Kapchorua Tea as it closed down Ksh 7 per share on Friday, on top of Thursday's Ksh 3 and Monday's Ksh 1 per share drop to finish Ksh 11 per share down.

It was trailed by Bamburi Cement, down Ksh 8 per share as it dropped 3 times and gained only once (Ksh 1 on Tuesday) and Crown paints which declined by Ksh 5.50 per share finally after shedding Ksh 6.50 on Monday; regaining Ksh 5.50 by Thursday only to shed Ksh 4.50 per share more on Friday.

KCB Group transversed the week with daily price changes which included shedding Ksh 0.75 and 0.25 per share on Monday and Tuesday respectively, before gaining the rest 3 days to end Ksh 1.50 per share up.

Standard Chartered Bank closed firm on Thursday but gained Ksh 5 per share at once on Monday, shed it all the next 2 days then topped up to close Friday and the week up Ksh 1 per share.

Top traded volume and value was by Safaricom as 52.5m shares worth Ksh 1.23bn were traded at between Ksh 21.75 and 24.25 per share.

Ken Kobil recorded an assured 2nd place in both volume and value when 27.888m of its shares were offloaded on Thursday leading to total of 31.6m shares worth Ksh 459.9m traded at between Ksh 12.8 and 15.85 per share within the week.

Kenya Power & Lighting with 1.7m shares sold, squeezed into the 5th in volume terms behind Equity Group (8.9m shares) and KCB Group (6.4m shares) but did not make top 5 by value.

East African Breweries closed 5th in value terms, instead, with Ksh 106m behind front runners by volume.

Trading at the Bond market was fairly low through the week with traded value coming to Ksh 6bn compared to equally below average Ksh 8.8bn the previous week.

ALL SHARE INDEX

Friday 19/10/2018.         146.33
Thursday.                          144.73
Wednesday.                      144.70
Tuesday.                            144.32
Monday.                             141.78
Friday 19/10/2018.          144.25

TRADED VOLUME m

Friday 19/10/2018.       36.713
Thursday                         45.789
Wednesday.                    14.003
Tuesday.                          20.951
Monday.                           12.924

TRADED VALUE Ksh m

Friday 19/10/2018.       671.094  
Thursday.                        858.748
Wednesday.                    357.364
Tuesday.                          514.167
Monday                            274.800

DEALS

Friday 19/10/2018.       999
Thursday.                      1157
Wednesday.                  1198
Tuesday.                        1306
Monday.                         1240

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