NOV 26, 2018: RECORD PRICE CHANGE AT NAIROBI SECURITIES EXCHANGE.

One take away was clear from trading at Nairobi Stock market on Monday, November 26 2018, price change hit record low of Ksh 0.01 per share never before observed at the market by Henates.

Hitherto, the lowest had been Ksh 0.05 per share down or up but on Thursday 2 equities closed up by only Ksh 0.01 per share.

Eveready in the commercial sector and Mumias sugar in the manufacturing sector both closed with that margin to record first such very marginal gain observed.

Eveready during the day, hit a high of Ksh 1.15 per share then a low of Ksh 1.10 and closed at Ksh1.11 per share compared to Ksh 1.10 the previous Sunday.

Mumias also had quite a shift up and down hitting day high of Ksh 0.70 per share, low of Ksh 0.60 and closed at Ksh 0.66 per share compared to Ksh 0.65 per share previously.

In all there 19 price gains and 16 drops hence the All share index rose by 0.30 points to 144.43 especially as Safaricom was among the gainers.

Top gain was a twin affair as both BOC Kenya and East African Breweries, in the same manufacturing sector, rose by Ksh 5 per share each.

For BOC it was easy because it simply found and closed at Ksh 80 per share compared to Ksh75 previously while EAB hit day high of Ksh 175, low of Ksh 165 then closed at Ksh 169 per share as against Ksh 164 on Friday.

Jubilee Holdings, in the insurance sector paced price losers with Ksh 9 per share drop to Ksh 410 from Friday's Ksh 419 per share.

Overall trading picked up but mainly in banking, manufacturing and communication sectors. In all 1047 deals involving 21.114m shares worth Ksh 686.472m were sealed compared to 981 deals for 14.369m shares worth Ksh 633.880m on Friday.

Safaricom, the lone telecommunications equity, led trade with 10.791m shares exchanged for Ksh 257m at between Ksh 23.60 and 40 per share. This was 37.45% of traded value.

The banking sector chipped in Ksh 290m or 42.69%  with KCB Group leading with deals for 4.715m shares worth Ksh 183m at between Ksh 38.50 and 40 per share followed by Equity Group's Ksh 54.9m value for 1.408m shares exchanged and I & M Holdings' Ksh 41.5m for 489,300 units.

Other major contributors were EAB with 608,700 shares sold for Ksh 102m and Centum Investment in which 1.093m shares were traded for Ksh 28.9m.

However, trade in bonds was low as traded value came to only Ksh 813m.


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