All three indices were up again today with the NSE-20 increasing by 24.09 points to close at 4,011.66; marginally above the 4,000pts. The NSE-25 Index and NASI similarly rose by 32.15pts and 1.14pts to close at 4198.51 and 146.08 respectively. Market capitalization edged up by 0.79% to close at KES 2,055bn (USD 20.11bn)
Market Data
| Previous | Today | % Change | |||
| NSE-20 | 3,987.57 | 4,011.66 | 0.60% | ||
| NSE-25 | 4,166.36 | 4,198.51 | 0.77% | ||
| NASI | 144.94 | 146.08 | 0.79% | ||
| Shares Traded (m) | 31.01 | 66.27 | 114% | ||
| Equity Turnover (KES m) | 1,197.33 | 1,885.98 | 57.5% | ||
| Mkt Cap (KES bn) | 2,038.93 | 2,055.00 | 0.79% | ||
| USD/KES exchange Rate | 102.17 | 102.21 | 0.04% |
The number of shares traded and total turnover galloped by 114% and 57.5% respectively to close at 66.27m and KES 1,885.98m (USD 18.45m). Eaagads was the top gainer rising 9.8% to KES 22.50. East African Portland Cement was the top loser declining by 4.7% to close at KES 46.00. Housing Finance group moved 34.10m shares to account for 51% of shares traded.
Top Gainers
| Top Gainers | Previous | Today | % Change |
| EGAD | 20.50 | 22.50 | 9.8% |
| OCH | 4.00 | 4.35 | 8.8% |
| SASN | 19.05 | 20.25 | 6.3% |
| SCAN | 29.00 | 30.50 | 5.2% |
Top Losers
| Top Losers | Previous | Today | % Change |
| PORT | 48.25 | 46.00 | 4.7% |
| BAT | 785.00 | 755.00 | 3.8% |
| TCL | 6.90 | 6.70 | 2.9% |
| ADSS | 2.05 | 2.00 | 2.4% |
Top Movers
| Top Movers | Vol (m) | Today | % Change |
| HFCK | 34.10 | 21.5 | 1.2% |
| EQTY | 12.16 | 42 | 5.0% |
| SCOM | 8.30 | 16.7 | 1.8% |
| BRIT | 4.40 | 14 | 1.4% |
Foreigners accounted for 28% of total turnover today. Foreigners were net buyers of EABL, SCOM, NIC & KPLC and net sellers of EABL, EQTY, SCOM & EABL. Local trades were active on EQTY, BRIT, KCB & SCOM.
Foreign Participation
| Counter | Buys (m) | Counter | Sales (m) | ||
| EABL | 290 | EABL | 291 | ||
| SCOM | 133 | EQTY | 106 | ||
| NIC | 3 | SCOM | 95 | ||
| KPLC | 1 | BRIT | 61 | ||
| Last week the Central Bank of Kenya offered 182 and 364 Days Treasury Bills for a total of KES12bn. We saw a subscription rate of 95.47% and 45.75% for 182 and 364 days, respectively. Bids accepted amounted to KES 5.7bn for 182 days and KES 2.7bn for 364 days Treasury Bills. The weighted average rate of accepted bids, which will be applied for non-competitive bids, was 11.099% for the 182-day and 12.561% for 364-day Treasury Bills. Current yields are summarized in the table below. | |||||
Yields
| 6/11/15 | Previous | Current | Change (Bps) |
| 91-day T-bill | 9.218% | 9.667% | 44.9 |
| 182-day T-bill | 10.558% | 11.099% | 5410 |
| 364-day T-bill | 12.212% | 12.561% | 3490 |
Fixed Income Market
In the debt market, government bonds valued at 553.7million shillings were traded, down from 1.01 billion shillings on Tuesday. 9 deals were executed.
Concentrated trading was on the short term papers, the Five Year Bonds (FXD 2/2015/5Yr) had a total turnover of KES 500 Million. Traded yield 14.200%
East African Market Performance
Uganda: The USE ALSI gained 0.08 percent to close at 1,807.79 while USE LSI dropped 0.18 percent to close at 400.89. A total of 9.92mn shares were traded today. Total turnover came to a close of UGX 6.36bn.
Rwanda: The USE RSI and RSE ALSI gained 0.14 percent and 0.02 percent respectively to close at 146.99 and 130.62.700 shares of Bank of Kigali were traded with a turnover of RWF 196,000.
Tanzania: The DSEI edged up 0.32 percent to close at 2,352.09 while DSE TSI shaved off 0.004 percent to end the day at 4,509.95. Africa Barrick Gold was up 6.88 percent to close at TZS 5,290.00. Total volumes were recorded at 89,568 shares. Total turnover closed at TZS 49.2mn.
Market News
Big Fed Wednesday
The U.S. Federal Reserve is expected to make the first of potentially a series of interest rate hikes today, after years of easy money policies. Many firms have been treading cautiously ahead of the U.S. rate decision. If the Federal Reserve does raise rates, it would put pressure on emerging market currencies as investors sell riskier assets.
