APRIL 15, 2019: BOND ALIVE AT NAIROBI SECURITIES EXCHANGE.

The bond market came alive at Nairobi Securities Exchange on Monday April 15, 2019 as the equities segment was more low key.

A total of Ksh 6.34bn worth of bonds were traded in 88 deals as against just Ksh 0.972bn in 58 deals on Friday.

Most active in terns of value, as usual were government stocks with nominal value above Ksh 50m although those below Ksh 50m with deals were more in number.

There were 14 of below Ksh 50m nominal value with deals but highest traded value was Ksh 27m.

On the other hand, there were 11 stocks with deals among those with above Ksh 50m nominal value and top was Ksh 1.45bn worth traded in 15 year In structure Bond issued in 2012.

Sell or buy back also active closing with deals in one stock valued at Ksh 500m and there was no activity in corporate bonds.

The bond rally turned out to be good tonic for the day because at the equities segment, traded value, volume and number of deals declined into leaner levels when compared to Friday.

A total of 784 deals were struck for 7.038m shares worth Ksh 219.286m compared to 9.370m shares traded in 795 deals valued at Ksh 249.041m on Friday.

It was actually a day with unexpected trading activities. For example, BOC Kenya in manufacturing sector closed with exchange of 150, 000 for Ksh 10.8m; Carbacid in the same sector recorded trade of 762,000 shares for Ksh 7m and Nairobi Securities Exchange, down 1.46%, chipped in 345,900 shares traded for Ksh 4.6m

The day's leading trade was Equity Group's 2.363m shares worth Ksh 100m exchanged at between Ksh 42.75 and 42.45 per share.

The equities market also shrunk further as the All share index closed at 157.33, down 0.58 points on Friday's 157.91.

This was as 20 price drops and 16 gains were recorded with far more major decline than increase.

The price losers were led by British American Tobacco as it lost Ksh 6 per share to close at Ksh 544 per share after hitting day high of Ksh 545 and low of Ksh 540 as against Ksh 550 per share on Friday.

It was trailed by Standard Group with Ksh 1.95 per share drop and Ksh 1 per share decline by the duo of Stanbic Holdings and WPP Scan Group.

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