DEC 19, 2018: BAT STILL RALLYING AT NAIROBI SE BUT....

On Wednesday December 19, 2018 British American Tobacco rallied strongly the 2nd day but again, without being able to make a difference on which way the All share index.

After topping up by Ksh 42 per share on Tuesday, BAT on Wednesday closed up by Ksh 46 per share as it hit day high of Ksh 595 per share then a low of Ksh 505 before closing at Ksh 588 per share compared to Ksh 542 per share on Tuesday.

But again, the ASI went down by 1.12 points to 140.95 inspjte of this leap mainly as Diamond Trust Bank led 23 price drops ahead of 13 gains led by BAT.

DTB went down by Ksh 9.25 per share after hitting day high of Ksh 158 per share, low of Ksh 148.50 before closing at Ksh 148.75 per share compared to Ksh 158 previously.

Other major price drops were East African Breweries with Ksh 7.25 per share decline ; Ksh 2 per share by Stanbic Holdings ; and K ifsh 1 per share drop.by both Bamburi Cement and Nation Media.

There was a drop in traded volume to 25.778m from 28.006m shares leading to decline in traded value to Ksh 428.948m from Ksh 526.760m and in number of deals to 944 from 1255.

At last, Kenya Power and Lighting led traded volume with 11.584m shares exchanged for Ksh 36.6m  but Safaricom paced value with Ksh 192m realised by shareholders who traded 8.363m shares at between Ksh 22.50 and 23.05 per share 

The banking sector accounted for Ksh 139m traded value led by Equity Group as deals were struck for 2.059m shares worth Ksh 75.6m at between Ksh 36 and 38 per share.

The Exchange itself, closed with one of its from once in a while top trades with deals for 1.184m shares worth Ksh 17.7m while closing up 1.71%  or Ksh 0.25 per share.

At the bond market, Wednesday closed with exactly the same 29 deals recorded on Tuesday but through them, Ksh 2bn worth of bonds were traded compared to about Ksh1bn on Tuesday perhaps because IFB fixed income 20 year bond issued in 2018 alone accounted for Ksh 1bn worth.

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