DEC 18, 2018: AGAIN BAT RALLIES BIG AT NAIROBI BUT.....

British American Tobacco plc has a track high price changes up and down at the Nairobi Securities Exchange but hardly have been able to singly hold the All share index to account without any help.

And so, closing Tuesday December 18, from the blues up Ksh 42 per share was no surprise neither was it surprising that the ASI closed down in spite of the leap.

The ASI closed down by 0.19 points to 142.07 after BAT hit day high of Ksh 550 per share, low of Ksh 500 before closing at Ksh 542 per share.

Diamond Trust Bank too was also humbled by the drop in ASI. DTB closed the day up Ksh 9.75 per share  alongside Ksh 2.75 per share gain by Williamson Tea  and Ksh 2 per share top up by Standard Chartered Bank.

Major downwards price movements that depressed the ASI were led by East African Breweries down Ksh 4.25 per share while closing at Ksh 179.25 after high and low of Ksh 186 and 178 per share respectively.

Others were Standard Group down Ksh 1.90 per share; Jubilee Holdings with Ksh 1.75 per share drop, Equity Group, down Ksh 1.25 per share and Bamburi Cement which shed Ksh 1 per share.

Trading improved significantly over Monday's level. There were 1255 deals struck for 28.006m shares worth Ksh 526.76m  compared to 944 deals sealed for 12.635m units valued at Ksh 272.876m on Tuesday.

Safaricom accounted for 74.65% of traded value as deals were sealed for 17.097m of its shares at between Ksh 22.80 and 23.10 per share worth Ksh 373m.

The banks chipped in 13.97% (Ksh 73.6m) led by Equity Group with deals for 1.247m shares worth Ksh 46.5m at between Ksh 36.80 and 38.50 per share.

In volume terms, Kenya Power & Lighting also recorded deals for 7.330m shares valued at Ksh 23m

The bond market closed up marginally but traded value only recovered to Ksh1bn from Ksh 0.866bn the previous day, Monday.

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