FEB 13, 2019: NAIROBI: FIRM AGAIN

Once again the All share index  at Nairobi Securities Exchange closed firm on Wednesday February 13, 2019 but, as usual , not because price changes did not occur

The ASI closed the day firm at 160.28 without a change just like it did last Friday when it ended without any change at 160.44.

Since Friday it had first risen to 160.53 on Monday before easing to 160.28 on Tuesday, where it now stood firm on Wednesday.

On Friday it closed firm despite 19 price gains and 15 drops and on Wednesday there were' 24 price drops and 15 gains.

Of the gainers Britain American Tobacco's Ksh 0.55 per share increase was more dramatic. BAT found and closed at Ksh 638 per share as against Ksh 583 previously while recording deals for 328,500 shares worth Ksh 209m.

It was followed from quite a distance by Williamson Tea up Ksh 3.25 per share; Stanbic Holdings with Ksh 1.50 per share gain and Car & General up Ksh 1 per share.

On the other hand, Jubilee Holdings declined by Ksh 13.50 per share to pace price drops as it found and closed at Ksh 426 per share compared to Ksh 439.50 on Tuesday

It was followed by East African Breweries with Ksh 2.75 per share decline; Sanlam Ltd down Ksh 1.45 per share and Standards  Chartered Bank with Ksh 1 per share drop.

There was slight increase in equity trade on Wednesday as 1117 deals for 21.652m shares worth Ksh 752.865m were struck compared to 1420 deals for 19.899m shares valued at Ksh 617.610m previously.

No sector or equity dominated trade on Wednesday although Safaricom chipped in Ksh 156m covering 5.822m shares exchanged at between Ksh 26.05 and 27 per share.

The Manufacturing sector contributed Ksh 216m or 28.77% to total traded value as in addition to the BAT trade, East African  Breweries contributed Ksh 6.3m in deals for 29,000 shares.

Actually the leading traded volume was Ken Kobil's 9.275m shares worth Ksh 199m at between Ksh 21.50 and 21.55 per share. This brought Energy and Petroleum's contributed to traded value to Ksh 201m or 26.77%

Banking sector was active too chipping in Ksh 154m or 20.54% to traded value  led by KCB Group's Ksh 93m in deals for 2.129m shares at between Ksh 43.60 and 44 per share and Equity Group with Ksh 27m from 648,900 shares traded by investors

For the 2nd day, traded value at the bond market was above average closing at Ksh 4.644bn in 42 deals compared to 69 deals worth Ksh 4.305bn on Tuesday.

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