Market Report
The benchmark NSE 20 index lost 26.88 points to close at 3,968.20 points. The All Share Index (NASI) was up slightly by 0.04 points to close at 144.76 points. Total turnover fell by 29.28% to KES 513.77Mn on the back of low volumes (17.04Mn shares) traded. Foreign Market activity stood at 59.62%.
Banking Sector Index shed 0.24% with 2.40Mn shares trading. Equity Bank was the main sector loser shrinking by 1.84% to trade at a month low of KES 40.00. On the other end I&M gained 2.00% moving only 100 shares to trade on a month high of KES 102.00.
The Insurance Sector Index was down 0.12% with Liberty Holdings expanding its market share by 3.58% to settle at KES 18.90 from a low of KES 18.20. CIC Insurance, the sector main mover was down to KES 6.15 from KES 6.20. Kenya Re dipped 3.45% to settle at an average of KES 21.00.
Gainers
| Counter | Price | % Change |
| FIRE | 3.90 | 9.86 |
| UCHUM | 8.75 | 8.70 |
| ADSS | 2.10 | 7.69 |
| HAFR | 1.50 | 7.14 |
| LKL | 4.20 | 5.00 |
Cytonn Investments gave a valuation report on Friday 11th December on Uchumi Supermarkets. They recommended Uchumi a buy with a target price of KES 9.7 per share. Uchumi rallied today by 8.7% to close at KES 8.75. The Valuation report can be downloaded here.
Losers
| Counter | Price | % Change |
| FTGH | 6.25 | 9.42 |
| KQ | 4.50 | 5.26 |
| SGL | 27.50 | 5.17 |
| CABL | 10.10 | 3.81 |
| EVRD | 2.60 | 3.70 |
Movers
| Counter | Volume | % of Volume Traded | Market Cap. |
| SCOM | 11.07M | 65.1 | 661.08B |
| KCB | 1.28B | 7.5 | 121.00B |
| KPLC | 1.09M | 6.4 | 25.27B |
| HAFR | 0.743M | 4.4 | 0.608B |
| CFC | 0.509M | 3.0 | 33.60B |
Safaricom was the heavily traded counter (65.1%). In today’s session it edged up by 1.54% to close at KES 16.50. Safaricom is 17.44% up YTD.
Fixed Income Market
On the secondary market, government bonds worth a total 897 million shillings ($8.79 million) were traded, compared with 1.74 billion shillings the previous session (Friday). 22 Deals Executed.
The One Year bond (FXD 2/2015/1Yr) comprised 44.6% of the turnover and traded bonds worth KES 400 million. Clean price 105.7385. Traded Yield 12.7799%
15 year bonds were traded with a value of KES 400 million. 44.6% of turnover.
The rest of the bonds traded were fixed rate treasury bonds below KES 50 million and corporate bonds (KenGen and CFC Stanbic papers).
East African Market Performance
Uganda: The USE ALSI and USE LSI rose by 1.27 percent and 2.20 percent respectively to close at 1,797.62 and 393.80.
Rwanda: The USE RSI and RSE ALSI remained constant to close at 146.99 and 130.62.
Tanzania: The DSEI lost 1.20 percent to end at 2,359.30 while DSE TSI gained 0.47 percent to close at 4,571.06.
Market News
KPLC
Kenya Power Managing Director and Chief Executive Officer, Dr. Ben CHUMO, together with the Regional Director of AFD Nairobi Office, Mr. Yves BOUDOT, in the presence of the French Ambassador to Kenya, H.E. Mr. Rémi MARECHAUX, have today signed a financing agreement for the provision by AFD of a 56 M€ loan to Kenya Power.
The funds made available to Kenya Power will partially support the implementation of the company’s Distribution Masterplan for 2012-2030. The investments will strengthen and expand the distribution network of the power utility in three major zones of economic activity in Kenya: Mombasa, Kisumu and Nairobi.
Upon implementation, the Distribution Masterplan projects are expected to decrease the number of power shortage and to increase of the reliability of the network. This will allow Kenya Power to increase its income and will help the industrialists situated in regions covered by the project to better manage their costs (by limiting the need for private generators).
