FEB 20, 2019: NAIROBI: STILL GOING DOWN

For 6th day running after closing firm first time since Henates review of the market, the All share index at Nairobi Securities Exchange eased by 0.68 points to 155.54.

It closed firm at 160.28 on February 12, 2019 and since then has been going down daily  adding up to decline of 4.74 points or 2.96% in 6 trading days.

The Wednesday drop was precipitated by 28 price drops and 11 gains  with not a single gain above Ksh 1 per share.

In contrast, 3 equities scaled this border line led by British American Tobacco that is yet ex-dividend. BAT closed the day at N613 per share down Ksh 22 per share on Tuesday's Ksh 635 per share after touching day low of Ksh 601 and high of Ksh 630 per share. This was while recording deals for only 1800 units.

In the same manufacturing sector with BAT, East African Breweries shed N5.75 per share followed by Stanbic Holdings in the commercial and services sector with Ksh 3 per share decline.

Top gain was Ksh 0.50 per share by the duo of Unga Group and Diamond Trust Bank. DTB ended the day at Ksh 151.25 per share compared to Ksh 150.75 on Tuesday and after hitting day high of Ksh 151.75 and low of Ksh151.0 per share.

On the other hand, Unga touched Ksh 39 per share, hit a low of Ksh 36.50 before closing at Ksh 36.80 as against Ksh 36.30 on Tuesday.

Increase in traded volume was rather marginal but traded value went down instead although investors interest picked up.

There were 1190 deals sealed for 11.140m shares worth Ksh 458.721m compared to 1069 deals involving 10.784m shares valued at Ksh 553.854m.

East African Breweries clearly paced traded value with Ksh 197m investors realised from offloading 1.011m of its shares at between Ksh 195 and 202 per share.

Otherwise, Safaricom led traded volume with deals for lowly 2.628m shares worth Ksh 69m at Ksh 26.15 per share; that is without any price change.

The banking sector was a bit more active chipping in Ksh 173m or 37.8% to traded value led by Equity Group in which 2.071m shares were exchanged for Ksh 87m at between Ksh 41.75 and 42.50 per share. 

KCB Group in the same sector also witnessed deals for 1.123m shares worth Ksh 46.8m while easing by 2.2% or Ksh 0.95 per share just Cooperative Bank, down Ksh 0.25 per share, with deals involving 1.279m shares valued at Ksh 19m.


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