APRIL 8, 2019: 2ND DAY DOWN AT NAIROBI SECURITIES EXCHANGE

For the 2nd day, the All share index at the Nairobi Securities Exchange dipped on Monday April 8, 2019 after last Friday's punctuation of steady climb.

The ASI slipped by 0.28 points to 159.24 from 159.52 on Friday which it had eased 0.06 points to.

However, unlike Friday when price gainers were slightly higher in number than losers, 19 apiece were losers and gainers on Monday.

The price losers were paced by Crown Paints down Ksh 4 per share to close at Ksh 80 per share compared to Ksh 84 per share previously. This was while recording exchange of 3,300 shares.

It was trailed by Standard Chartered Bank Kenya with Ksh 2.75 per share drop and Stanbic Holdings which closed Ksh 1.75 per share down.

On the other hand, Diamond Trust Bank while recording exchange of 11,000 shares hit day high of Ksh 129 per share, day low of Ksh 128 then closed at Ksh 128.75 per share.

This was up Ksh 1.25 per share on the Ksh 127.50 per share it ended Friday with. This turned out to be the day's highest gain.

The only other major price rise was Ksh 1 per share by Jubilee Holdings in the insurance sector while recording deals for 3,100 shares.

There was increased traded volume alright but mostly due to volume traded in Safaricom and even the Banking sector for once, did not contribute much to traded value, talk less of the manufacturing sector which also used to be active.

A total of 886 deals were struck for 27.068m shares worth Ksh 541.017m as against 734 deals on Friday for 16.386m shares valued at Ksh 513.223m.

Safaricom accounted for 81.35% of the traded value as its 15.722m shares were traded for Ksh 440m at between Ksh 27.65 and 28 per share while closing down Ksh 0.35 per share.

Compared to that, the Banks only chipped in 6.85% or Ksh 37m to traded value paced by Barclay's Bank Kenya while recording deals for exchange of sector leading 1.183m shares worth Ksh 14m at between Ksh 11.95 and 12.50 per share.

At the end, Barclay's Bank closed up Ksh 0.05 per share amongst the 4 gains compared to 6 price drops recorded in the sector.

Ahead of the banking sector in both volume and value contribution was the Energy and petroleum sector with Ksh 46.9m traded value or 8.67%.

The bulk was as Ken Gen recorded deals for 7.945m shares worth Ksh 45.5m at between Ksh 5.70 and 5.98 per share.

At the bond market, traded value declined to Ksh 3.5bn from Friday's fairly high Ksh 4.3bn.

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