JAN 8, 2019: LOW INTEREST AT NAIROBI SECURITIES EXCHANGE

Investor interest as reflected by number of deals struck hit an all time low on Tuesday January 8 2019 at both the equity and bond segments of Nairobi Securities Exchange.

At the equities market, total number of deals struck came to 395, less than 50% of equally low 899 deals struck the previous day and this was the lowest since Henates started monitoring the market.

Much the same way deals struck at the bond market dropped to just 28 compared to 46 on Monday January 7. The deals were for bonds valued at Ksh1.361m as against Ksh 1.648m previously.

In the case of the equities segment, traded volume tumbled to new low as well of 5.604m shares valued at Ksh 154.007m compared to 9.157m shares traded on Monday for Ksh 174.318m.

It was a dry day indeed with Equity Group in the banking sector pacing trade with deals for 3.283m shares worth Ksg110m at between Ksh 33.75 and 34.25 per share pushing the sector's contribution to traded value to Ksh 114.5m or 74.38%.

Safaricom recorded deals for only 1.532m shares worth Ksh 33.7m at between Ksh 21.50 and 22.20 per share although it ended topping up by Ksh 0.55 per share by the end of the day.

There were 16 price drops compared to 17 gains and obviously, the Safaricom price increase helped the All share index to rise by 1.52 points to 138.87 after Monday's 0.32 points rise to 137.35.

But Jubilee Holdings recovered strongly from Monday's lead decline to leap by Ksh 20 per share as it found and closed at Ksh 420 from Monday's Ksh 400 per share. This was while 1300 of its shares were exchanged.

BOC Kenya also recorded major price gain as it rose by Ksh 3.75 per share thus joining Jubilee Holdings as the only ones with gains above Ksh 1 per share.

Standard Chartered Bank led price drops with Ksh 2.25 per share decline to close at Ksh 194.75 per share after hitting a day high of Ksh 195 and low of Ksh 194 compared to Ksh 197 per share previously.

The other major price drop was Nation Media's Ksh 1.25 per share.

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