FEB 11, 2019: NAIROBI: ANOTHER INCH FORWARD

After closing firm like a rock on Friday February 8, 2019 for the first time since Henates started monitoring the market, the All share index resumed upwards on Monday, February 11, 2019 but an inch, so to speak.

It rose to 160.53 from 160.44 amidst 23 price gains and 14 drops with more major gainers than losers.

Top price gainer was Williamson Tea. It gained Ksh 6.25 per share or 4.46% to close at Ksh 146.25 compared to Ksh 140 per share previously.

Next to it was East African Breweries, up Ksh 2.25 per share as it closed at Ksh 222.25 as against Ksh 220 per share on Friday. This came to 1.02% gain.

Other major price gainers were Nation Media with N2 or 3.07% top up to Ksh 67.25 per share from Friday's Ksh 65.25; Sasini ltd with Ksh 1.60 or 8.40% gain per share as it closed at Ksh 20.65 per share compared to Ksh 19.05 previously and Stanbic Holdings up Ksh 1.25 or 1.30% per share to close at Ksh 92 per share from Ksh 90.75 on Friday.

On the price losers side, the pace was set by BOC Kenya with Ksh 3 or 3.61% per share decline to close the day at Ksh 80 per share compared to Ksh 83 previously.

It was followed by Sanlam as it shed Ksh 2.40 or 9.28% per share which turned out to be the highest % price change for the day. Sanlam ended the day at Ksh 23.45 per share compared to Ksh 25.85 per share on Friday.

Bank of Kigali shed Ksh 2 or 6.06% per share to close the day at Ksh 31 per share compared to Ksh 33 on previous trading day.

One other equity with above Ksh 1 per share decline was Centum Investments down Ksh 1.20 or 3.41% per share to close at Ksh 34 per share as against Ksh 35.20 on Friday.

However, trading indicators pointed down when compared to Friday levels. Less than 1000 deals (991) were struck for 20.130m shares worth Ksh 494.806m compared to 1209 deals sealed on Friday involving 50.124m shares valued at Ksh 1.517bn.

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