DEC 17, 2018: AGRIC, CONSTRUCTION RUN DRY AT NAIROBI SE.

At the Nairobi Securities Exchange yesterday, Monday December 17 2018, Agriculture and Construction sectors of the market virtually dried up while all single company sectors came alive.

The agric sector had just one equity closing with deals as Kapchorua Tea's 500 units were traded while closing firm without price change. 5 others in the sector had no deal.

The same with the Construction sector where 1 out of 5 ended with deals as East African Cables hit a low of Ksh 2.20 then closed at day high of 2.35 per share while recording deals for 11,400 shares. It thus gained Ksh 0.24 per share.

Single equity sectors of course, included Telecommunications where Safaricom is the lone listed one and it was active as usual although in lower numbers with deals for 6.178m shares worth Ksh 142m at between Ksh 22.50 and 23.25 per share. Safaricom also closed up by very marginal Ksh 0.10 per share.

Investment services also has single company in the Nairobi Securities Exchange itself and it continued daily activity with deals for 2800 units recorded.

The lone equity sector that more or less closed differently was Automobile where Car & General is only one left standing while others have been delisted. C&G was firm at Ksh 18.90 per share then recorded deals for 265,000 shares worth Ksh 5m.

In all there were 21 price drops and 14 gains leading to 0.27 points decline by the All share index to 142.26.

Lead gain was by Standard Group plc up Ksh 2.50 per share as it found and closed at Ksh 300 compared to last Friday's Ksh 27.50 per share.

Price drops were paced by East African Breweries with Ksh 5.50 per share decrease as it closed at Ksh 183.50 after hitting day high of Ksh 186 and low of 182 per share compared to Ksh 189 on Friday.

Trading took a dive all round as number of deals at 944, fell below 1000 again through which 12.635m shares were traded for Ksh 272.876m  against Friday's 1124 deals for 35.189m shares worth Ksh 827.267m.

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