APRIL 10, 2019: NAIROBI SECURITIES EXCHANGE STILL SHRINKING

For the 4th day on Wednesday April 10, 2019 the All share index at the Nairobi stock market declined making it downwards all the way since this week.

The ASI dropped by 0.19 points to 158.20 as 19 price gains and 21 drops were recorded.

It was a day of cautious price making resulting in low all round Ksh price changes.

The price gainers were paced by Standard  Chartered Bank up Ksh 1.50 per share to close at Ksh 209.75 after touching day high of Ksh 212 per share and low of Ksh 205 compared to Ksh 208.25 per share on Tuesday.

There were no other gains above Ksh 1 per share. The same scenario was repeated among price drops with only Unga Group ending down significantly

Unga shed Ksh 1 per share as it found and closed at Ksh 31.70 per share compared to Ksh 32.70 previously.

It looks like this week will end with lowest number of deals for a long while. For the 5th day which covered all 3 days of this week so far, number of deals struck rounded up below 1000.

On Wednesday though it edged much nearer, at 996 the number of deals struck was still below 1000 just like Tuesday's 946 and Monday's 886.

Traded volume and value were much higher though, especially traded value. In all 19.017m shares were exchanged in 996 deals for Ksh 758.101m compared to 17.091m valued at Ksh 596.935m on Tuesday.

Most active, as usual was Safaricom in which 10.065m shares worth Ksh 279m or 38.86% of total value were traded at between Ksh 27.50 and 28 per share

The banking sector accounted for Ksh 287m with Equity Group leading with deals recorded for 4.731m shares worth Ksh 198m at between Ksh 41.80 and 42.10 per share.

It was followed by KCB Group, with 1.604m shares exchanged for Ksh 72m and Standard Chartered Bank as it closed with 36,700 of its shares exchanged for Ksh 7.7m.

In the Manufacturing sector, nearly one million shares (882,100) traded in relatively high priced East African Breweries boosted traded value.

The shares were exchanged at fairly stable Ksh 208 per share for Ksh 183m which was more or less all of the Ksh 184m or 24.28% chipped in by the sector to traded value.

At the bond market, traded value dropped to Ksh 2.1bn from Tuesdays fairly high Ksh 4.597bn.

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