Home ECONOMY 16/12/2019; Market Report – Kenyan Wallstreet

16/12/2019; Market Report – Kenyan Wallstreet

by biasharadigest

The bourse opened the week with a total of 10.5 million
shares valued at KSh.384Million, against 49Million shares valued at KSh.1.3Billion
posted on Friday.

The NSE 20 share Index was down 3.79 points to stand at
2584.04. All Share Index NASI shed 0.95 points to stand at 159.57. The NSE 25
Share index dropped 17.79 points to settle at 3923.89.


The Banking Sector had shares worth KSh.117Million transacted
which accounted for 30.54per cent of the day’s traded value.

Equity Group Holdings actively moved 1Million shares valued
at KSh.52Million at between KSh.50.00 and KSh.51.00. I&M Holdings remain
steady at KSh.50.00 with shares worth KSh.15.8Million transacted.

 KCB Group down
twenty-five cents to KSh.52.00 moved 231,000 shares valued at KSh.12Million.

The Energy & Petroleum sector had shares worth 3.3Million
traded & accounted for 0.87per cent of the day’s traded value. KenGen moved
517,000 shares worth KSh.2.9Million and closed at KSh.5.76.

Nairobi Securities Exchange moved 589,000 shares valued at KSh.6.7Million
at between KSh.11.00 and KSh.11.50.

The Manufacturing & Allied sector had shares worth 105Million
traded & accounted for 27.38per cent of the day’s traded value. E.A
Breweries moved 510,000 shares worth KSh 98Million at a fairly stable price of KSh.192.25.

B.A.T recorded a 9.01per cent loss to close the day at KSh 470.50
with shares worth KSh.6.8Million realized.

Safaricom was the day’s biggest mover with 4.8Million shares
valued at KSh145Million changing hands at between KSh.29.80 and KSh30.30; this represented
37.88per cent of the day’s traded value.

The Bond market had bonds worth KSh.767Million transacted.

During last week, the equities market recorded mixed performance with NASI gaining by 0.1% and NSE 20 and NSE 25 recording losses of 1.3% and 0.6%, respectively, taking their year to date performance to gains/(losses) of 14.3per cent (8.7per cent) and 11.0per cent, for the NASI, NSE 20 and NSE 25, respectively.

 The performance in NASI was driven by gains recorded by large-cap stocks such as Standard Chartered, Barclays, KCB Group and Safaricom of 3.3per cent, 2.8per cent, 1.5per cent, and 0.7per cent, respectively.

Equities turnover increased by 19.2% during the week to US$ 33.0 Million, from US$ 27.7 Million the previous week, taking the year to date turnover to US$ 1,444.7 Million.

Foreign investors became net buyers for the week, with a net buying position of US$ 4.7 Million, an improvement from a net selling position of US$ 0.1 Million recorded the previous week.

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