Daily Market Report 8/12/2015

NSE Market Report 8/12/2015

NSE 20 and NASI index gained 4.86 points and 0.43 points respectively to close at 3,994.88 and 144.04.

Atlas Development gained 8.33 percent to close at KES 1.95. Trans-Century lost 10.00 percent to end at KES 8.10, becoming today’s top loser

The volume of shares traded today was 23.14Million valued at KES 801.86Millio a 14.53 percent decline from yesterday’s turnover. EABL was the largest mover of the day with a turnover of KES 290.54 Million representing 36.23 percent of the total market turnover. Foreign buys stood at 82.50 percent of total turnover, while foreign sales stood at 85.94 percent of total turnover.

Safaricom dominated the day’s trade at 57.62% with 21.24Mn shares exchanging at an average of KES 15.70 with foreign activity standing at 97.21%.

Banking Sector Index shrunk by 0.35% with only I&M and KCB trading 0.51% and 0.62% higher to settle at KES 99.50 and KES 40.50 respectively. Standard Chartered shed 2.42% to trade at a month low of KES 202.00 while Equity remained at a three day stable price of KES 41.50 with 1.6Mn shares transacting.

Energy and Petroleum Sector dropped 0.59% mail affected by a 4.77% loss in value of Total Kenya. Kengen transacted 0.23Mn shares to settle at a KES 7.85 (+1.95%) losing 22.66% ytd.

Mumias stock rose 6.7 per cent Tuesday following the extension of the Common Market for Eastern and Southern Africa (Comesa) quantitative safeguards that give a lifeline to the industry for the next one year.

Losers

-Foreign buys stood at 82.50 percent of total turnover, while foreign sales stood at 85.94 percent of total turnover

UPCOMING EVENTS

– CBK to auction 91-day Treasury bill worth KES 4.0bn on 10th Dec, 2015.

-CBK to auction 182-day Treasury bill worth KES 6.0bn on 9th Dec, 2015.

-CBK to auction 364-day Treasury bill worth KES 6.0bn on 9th Dec, 2015.

East African Markets:
 Uganda: The USE ALSI and USE LSI went up 0.19 percent and 0.01
percent to close at 1,731.80 and 385.27. A total of 4.43mn shares
were traded today. Total turnover came to a close of UGX 2.83bn.
 Rwanda: The USE RSI and RSE ALSI remained constant to close at
146.99 and 130.62.Total number of shares traded today was 1,000
resulting to a total turnover of UGX 280,000.00.
 Tanzania: The DSEI and DSE TSI gained 0.95 percent and 0.02
percent to close at 2,377.88 and 4,581.12. Africa Barrick Gold rose
5.51 percent to close at TZS 6,130.00, becoming today’s top
gainer. Tanzania Breweries declined 0.07 percent to end the day
at TZS 15,030.00 to be the top loser. Total volumes were recorded
at 6.15mn shares. Total turnover closed at TZS 27.89bn.