NOV 20, 2018: RALLY AT LAST AT NAIROBI SECURITIES EXCHANGE

After five days of decline, the All share index of the Nairobi stock market finally rallied by 0.22 points on Tuesday November 20 2018 to 144.17.

It had last grown on Monday last week when it closed at 147.16 from previous Friday's 147.01. A very small shift but one that turned out to be golden.

From there it dropped consistently daily through the rest of the week and on Monday November 19 2018.to hit a low of 144.90.

The rally occurred as 17 price gains and 13 drops graced the day with Safaricom not among any side of the divide because it closed firm.

Lead price gain was Williamson Tea up Ksh 6 per share after hitting day high of Ksh 164 per share before closing at Ksh 160 per share. It had ended Monday at Ksh 154 per share.

On its trail was what looked like a rash equally major declines. British American Tobacco rose by Ksh 5 per share just slightly ahead of fellow manufacturing and more active equity, East African Breweries which shed Ksh 4 per share.

The day was not done with top gains: Kapchorua Tea closed up by Ksh 3 per share followed by Ksh 1 per share gains by Standard Group and Bamburi Cement each.

On the other hand, Diamond Trust Bank paced price drops by Ksh 2 per share as it hit  new day of Ksh 163 before closing at Ksh 151 per share.

It was followed by Total Kenya and Standard Chartered Bank with Ksh 1 per share decline each.

Traded volume increased slightly to 8.719m shares from 7.075m  but traded value dropped to Ksh161.094m in 991 deals from Ksh 253.413m in 917 deals. Thus traded value hit a new year low.

At the bond market there was a mini scramble as 128 deals were sealed for highly improved Ksh 2.2bn worth compared to 47 deals worth Ksh 957m on Monday.

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