NAIROBI: HOW THE COOKIE CRUMBLED LESS LAST WEEK.

The cookie at the Nairobi Securities Exchange did crumble less last week ended November 23, 2018 as the All share index eased by 0.53% to close at 144.13 compared to 1.44% dive the previous week.

This might be because in the last 4 days of the week, it was more the case of up today, down tomorrow till Friday close.

The week started on Monday with a drop in the ASI to 143.95 then follow up and down it finally closed at 144.20 on Thursday before slipping to the Friday close.

However, decline in traded volume was not at lower rate. Traded volume dropped by 34.4% to 53.901m shares from previous week's 82.153m while traded value did drop by only 16.3% to Ksh 1678.313m from Ksh 2004.756m.

In spite of the activity drop though, investors interest as expressed by number of deals struck did improve by 4.97% to 4936 from previous week's 0.84% rise to 4707

On both sides of the price discovery divide, 2 equities closed up and down in more or less solo runs. Limuru Tea, on a lone price change within the week that occurred on Wednesday, shed Ksh 33 per share to pace all drops.

 On the other hand, British American Tobacco ended Ksh 30 per share up from the net of 3 price changes within the week. It gained Ksh 5 on Tuesday, then added another Ksh35 on Thursday before shedding Ksh 10 per share on Friday.

One of the most active companies within the week in terms of price discovery was East African Breweries which ended the week down only by Ksh 2 per share after daily price changes.

On Monday, it went down Ksh 2 per share; gained Ksh 4 the next day; shed another Ksh 8 on Wednesday before closing Thursday and Friday up Ksh 2 per share each day.

The top 5 in terms of volume was clearly different from top 5 by traded value this time around. Only Safaricom retained the top spot in both rankings with 16.9m shares exchanged for Ksh 403m.

In traded volume terms, it was trailed Kenya Power and Lighting with 7.1m shares followed by Equity Group (5.5m shares); KCB Group with 5.2m and Stanbic Holdings (3.8m).

Stanbic came into the picture on Friday when a rare 3.809m of its shares were traded at between Ksh 91 and 93.50 per share worth Ksh 355.5m.

Being one of the high priced equities in the market, the offload also propelled it to 2nd position by traded value followed by another relatively high priced intruder, East African Breweries with Ksh 245m value from 1.5mshares traded within the week, 0.5m of that on Friday.

At 4th place was finally Equity Group with Ksh 221m followed by KCB Group (Ksh 203m).

Traded value at the bond market at Ksh 10.12bn within the week compares favourably with Ksh 8.3bn the previous week.

ALL SHARE INDEX

Friday 23/11/2018.       144.13
Thursday.                        144.20
Wednesday.                    144.03
Tuesday.                          144.17
Monday.                           143.95
Friday 16/11/2018.        144.90

TRADED VOLUME m

Friday 23/11/2018.        14.369
Thursday.                           7.008
Wednesday.                     16.730
Tuesday.                            8.719
Monday.                             7.075

TRADED VALUE Ksh m

Friday 23/11/2018.       633.880
Thursday.                        130.757
Wednesday.                    499.169
Tuesday.                          161.094
Monday.                           253.413

DEALS

Friday. 23/11/2018.       981
Thursday.                         943
Wednesday.                   1104
Tuesday.                           991
Monday                             917


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