OCT 27, 2018: MIXED GRILL LAST WEEK AT NAIROBI SECURITIES EXCHANGE

It was a mixed grill last week ended Friday October 26, 2018 at the Nairobi stock market as the All share index dropped by 0.36% to 145.80 and trading hit record levels, at least according to figures released by the Exchange.

The ASI started the week on Monday down to 146.21 from 146.33 then eased further to 145.64 on Tuesday and 144.29 by Wednesday.

Then, just as it was looking like ending the week down sharply the ASI recovered to 145.77 on Thursday and inched further upwards to the Friday close.

Somehow, the wonder is that the ASI barely declined because price drops outnumbered gains within the week with higher margins too.

Top decline was Jubilee Holdings Ksh 22 per share drop after it shed Ksh 28 per share on Monday and regained Ksh 3 pee share each on Thursday and Friday.

Limuru Tea lost Ksh 12.50 per share after losing Ksh 20 on Tuesday, regaining Ksh 13 the next day Wednesday then going down again Ksh 5.50 per share on Thursday.

Two other major drops were Standard Chartered Bank's Ksh 9 per share and East African Breweries Ksh 6 per share.
SCB lost grounds every trading day while EAB went down Ksh 6 per share on Monday then gained and lost Ksh 1 per share on Wednesday and Thursday respectively.

Top gain for the week was Kapchorua Tea's Ksh 12.50 per share gathered from 3 gains: up Ksh 6.50 on Monday, Ksh 0.50 on Wednesday then another Ksh5.50 per share on Friday. 

On its trail were the pair of Diamond Trust Bank and Bamburi Cement up Ksh 8 per share each. DTB lost Ksh 5 per share on Monday then gained Ksh 13 per share on Thursday while Bamburi lost Ksh 2 per share on Monday, gained Ksh 1 each on Wednesday and Thursday to cancel that then topped up by Ksh 8 per share on Friday.

The high point of trading within the week was Tuesday when 385.448m shares were exchanged for Ksh 6.045bn in 1259 deals mainly as 393m plus shares of Ken Kobil were offloaded.

Monday too closed active in terms of traded volume with 40.250m shares traded in 1136 deals worth Ksh 651.542m. This however, fell slightly short of Friday's Ksh 672.248m traded value in 1046 deals involving 24.450m shares.

Top 5 by volume were of course Ken Kobil with 403m shares exchanged followed by Safaricom with 31.1m; Kenya Power & Lighting 22.5m, Equity Group 10.1m and KCB Group with 8.6m shares.

The order changed slightly in terms of traded value with East African Breweries bringing top 5 rear with Ksh 119m while K Power dropped out altogether being a lowly priced equity.

Trading at the Bond market improved greatly too as traded value closed at Ksh 16.6bn as against Ksh 6bn previously.

ALL SHARE INDEX

Friday 26/10/2018.      145.80
Thursday.                       145.77
Wednesday.                   144.29
Tuesday.                         145.64
Monday.                          146.21
Friday 19/10/2018.       146.33

TRADED VOLUME m

Friday 26/10/2018.      24.450
Thursday.                       28.672
Wednesday.                   36.369
Tuesday.                       385.448
Monday                           40.250

TRADED VALUE Kshm

Friday 26/10/2018.    672.248
Thursday.                     436.820
Wednesday.                 331.820
Tuesday.                     6045.553
Monday.                        651.542

DEALS

Friday.  26/10/2018.  1046
Thursday.                       986
Wednesday.                 1180
Tuesday.                       1259
Monday.                        1136

Comments

Post a Comment

Popular posts from this blog

2018: TWO BLOWS TO UNITED CAPITAL PLC.

When a child who in a previous examination scored 80%, comes home with a new report in which he now scores 67.2%, the parents have a right to sit him down and ask how come. So it must be between Nigeria's United Capital Plc and its discerning shareholders since the release of the company's 2018 audited figures. In 2018, all said and done, says the annual report, United Capital ended with 67.2 % profit margin compared to 80.2% in 2017. How come? What comes across from the figures was that the company received 2 blows to the jugular in 2018: Sharp drops in Investment income and fair value gain. Investment income dropped by 10.8% to N4422.8m from N4965.2m while fair value on financial assets plunged by 79.7% to N6.173m from 2017's N30.387m. In view of both drops, the group's gross earnings grew by only 33.9% to N9259.4m despite strong growths in net trading income, and net operating income leap to N757.5m from N143.5m  Other income streams ended with single digit increase....
Read more

KENYA AUCTIONS Ksh 13.84bn Treasury Bonds.

The Central Bank of Kenya (CBK) will from Tuesday December 18 to 27th 2018_ auction Ksh 13.84bn worth of fixed income Treasury Bonds with issue date December 17, 2018. According to official statement from the Director of Financial Markets Irene Njiru on Monday December 17, auction will continue throughout the stated period or close once the target money to be raised is reached, whichever comes first. Bid value will be paid for at most by 2pm December 31, 2018 while auction results will be made public on December 28, 2018 after the scheduled closing date. The bonds are being issued at 12.502% fixed interest at an adjusted average price of Ksh 100.468 for Ksh 100 bond. However, price payable after auction results publication will be average of successful bid prices based and allotment will be on first come first served basis. Meanwhile, the monetary operations and debt management department has released the interest payment schedule for 13 Treasury Bonds due January and February 2019. Th...
Read more

NAIROBI SE's HIGH PRICED EQUITIES.

In the wake of Nigeria's high priced quoted companies posted in this blog a while ago, Henates took a look to at Nairobi Securities Exchange June 23 official list to identify its high priced equities and the outcome was interesting too. Of the 66 companies quoted on the market by June 23, 15 or 22.7% were valued averagely at above 30 times nominal value. A word of caution though: There are two clear differences between the Nigerian stock market list and that of Nairobi: In the Nigerian one most listed companies have par or nominal value of N0.50 as is there is an implied agreement on this. On the other hand, at Nairobi most of the equities do not share common par value, they differ greatly. Then another thing, Nigerian equities are not valued below par, Nairobi ones can and many are so valued. Of the top 15 high priced equities at the Nairobi market, Safaricom topped with because by June 23, at 23.25 Ksh average price, it was valued 465 times its nominal value of just 0.0...
Read more