The Nairobi Securities Exchange on Monday began the week with a total of 8 Million shares valued at Ksh .415 Million against Friday’s 13 Million shares which were valued at Ksh 291 Million,representing a 42.42% increase.
Britam and KenGen gained 9.22% and 3.27% respectively to push the benchmark NSE 20 Share Index by 0.30% (12.11 points) to a three month high of 4008.50 points against a one year high of 5,196.86 points as shown in the chart below,
Britam Holdings moved 429,000 shares at between Kes.11.00 and Kes.11.90 while KenGen had 696,000 shares traded at between Kes.7.50 and Kes.7.95. Our view is that rally on Britam was triggered to this; Mauritius sells Rawat’s 20.3% stake to existing Britam shareholders
- All Share Index (NASI) ended 0.15 points lower to stand at 146.88 while the NSE 25 Share Index was down 0.05 points to settle at 4233.02.
- Kenol Kobil and KQ shed 4.00% and 1.11% respectively in the Index.
- EABL, Safaricom and Equity accounted for 86.88% of the total market turnover.
- Foreign investors assumed a net buying position by accounting for 86.3% of total market purchases and 82.3% of total market sales,representing an average of 84%.
Important Report;
We released our Q1 report which highlighted the performance of the Nairobi Securities Exchange since the beginning of the year till end of March… Q1 2016 Market Analysis: ‘Back To Where We Began’
