NOV 19, 2018: YEAR LOW VALUE AT NAIROBI SECURITIES EXCHANGE

At the start of the week on Monday November 19, 2018 at the Nairobi stock market, traded value hit year low as 7.075 shares were traded in 917 deals worth Ksh 253.413m.

From available records, this was the lowest traded value for over a year since in May 14, 2017 a total of 7.955m shares were traded in 1120 deals worth Ksh 141.014m.

However, lower traded volume was clocked on September 10, this year when 6.704m shares were exchanged in 1071 deals valued at Ksh 388.184m, far ahead of this Monday's traded value.

Closest to the Monday value was February 19, this year  when 8.809m shares were traded 1199 deals worth Ksh 254.261m just about a million higher than the Monday traded value.

Naturally, traded volume and value were down on Friday levels when 17.45m shares were exchanged for Ksh 413.641m.

There was a drought of shares of sorts in most sectors and so, Banking chipped in Ksh 125.5m or 49.55% to the traded value; manufacturing accounted for Ksh 68.9m or 27.2% and Safaricom, down Ksh 0.25, contributed deals for 2.172m shares worth Ksh 51.5m at Ksh 23.50 and 24.0 per share.

Equity Group recorded deals for 1.535m shares worth Ksh 61.4m at between Ksh 39.25 and 40.0 per share while closing up Ksh 0.50 per share.

KCB Group followed in the same sector, with 1.302m shares exchanged for Ksh 52.2m.

The manufacturing contribution was mainly as East African Breweries closed the day down Ksh 2 per share while witnessing deals for 361,700 units worth Ksh 59.3m.

The All share index dropped by 0.95 points to 143.95 as 18 price drops and 10 gains were recorded.

Lead drop was Diamond Trust Bank's Ksh 5 per share as it closed at Ksh 153 per share after touching day high of Ksh156 and compared to Ksh 158 per share previously.

Top gain was by Sanlam up Ksh 1.75 per share simply by finding and closing at Ksh 25 per share as against Ksh 23.25 previously.

Trading at the Bond was rather low with traded value closing at Ksh 957m in 47 deals compared to Ksh 2.179bn in 50 deals on Friday.

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