MAR 26, 2019: NAIROBI: DOWN FASTER.

The Nairobi Securities Exchange changed by a faster 1.70 points to 157.33 on Tuesday March 26 2019 compared to 0.93 points decline on Monday abs 0.97 points to 160.0 on Friday.

This had nothing to do with number of price changes which was 39 each day on Friday and Monday but came to only 34 on Tuesday.

It had more to do with double tumble recorded in one day as Standard Chartered Bank and British American Tobacco closed down sharply. 

Of the 22 price drops recorded, SCB paced with Ksh 14.25 per share tumble as 2100 of its shares were traded. From Monday's Ksh 220 per share, it hit day low of Ksh 202 before rallying to close at Ksh 205.75: per share.

In the case of BAT only 200 shares were traded and from Monday's Ksh 550per share, it dipped to day high of Ksh 539 before losing more to settle at Ksh 538 per share.

Other major price drops were Bamburi Cement's Ksh 1.50 per share decline and Ksh 1.15 per share shed  Sasini PLC.

Actually, there was bearish outlook around banks some how within the day. Including leading SCB, 7 out of the 10 equities with deals for the day in the sector closed down although most were less than Ksh 1 per share. 

The closest to SCB was Equity Group Holdings down Ksh 0.60 per share or 1.4% as it recorded deals for 661,000 shares worth Ksh 28m.

In contrast, the commercial equities had more positive outlook as of 5 price changes recorded, 4 were positive.

However, top price gain for the day did not come there; that honour belonged to Jubilee Holdings in the insurance sector whicg closed at Ksh 424.75 per share, up Ksh 5 per from Monday's Ksh 419.75 per share.

Jubilee hit day high of Ksh 425 per share and low of Ksh 423 before closing in between while 1800 of its shares were traded.

Crown Paints, in the Construction sector was the only other price gainer topping up with Ksh 3 per share.

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