Market Report 17/12/2015
The benchmark NSE-20 Share Index was down 6.44 points, or 0.16 percent, to close at 4,005.22 points. The All Share Index (NASI) was down 0.77 points to close at 145.31 points. Turnover was down by 67.5% to KES 612.072Mn compared to the previous day. 18.24 million Shares were traded. Foreign buys were 77.93% and foreign sales were 80.88% of total turnover. 1,262 deals were executed.
Gainers
| Counter | Price | % Change | Volume |
| BOC | 110.00 | 10.00 | 1,100 |
| HAFR | 1.70 | 9.68 | 74,100 |
| KUKZ | 350.00 | 5.74 | 500 |
| CFCI | 20.00 | 5.26 | 2,400 |
| UMME | 21.00 | 5.00 | 31,600 |
Losers
| Counter | Price | % Change | Volume |
| KEGN | 7.00 | 9.68 | 185,800 |
| OCH | 4.00 | 8.05 | 700 |
| EGAD | 21.00 | 6.67 | 400 |
| EQTY | 39.25 | 6.55 | 311,000 |
| ADSS | 1.90 | 5.00 | 98,300 |
Movers
| Counter | Volume | % of Volume Traded | Market Cap. |
| SCOM | 10.87M | 59.7 | 667.09B |
| KPLC | 1.86M | 10.2 | 25.17B |
| COOP | 1.56M | 8.5 | 88.01B |
| EABL | 1.16M | 6.3 | 209.56B |
| KQ | 0.626M | 3.4 | 6.73B |
Fahari I-REIT
The Stanlib Fahari I-REIT traded 13 units. Turnover was KES 496,000. Average price KES 20.25
Fixed Income Market
In the debt market, bonds valued at 645 million shillings were traded. 14 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 600 Million.
East African Market Performance
Uganda: The USE ALSI and USE LSI remained constant to close at 1,807.79 and 400.89 respectively. A total of 509,927 shares were traded today. Total turnover came to a close of UGX 15.39mn.
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 and DSE TSI shaved off 0.52 percent and 0.05 percent respectively to end the day at 2,339.82 and 4,507.74. Africa Barrick Gold lost 2.33 percent to close at TZS 5,460.00, while Swissport Tanzania gained 0.14 percent to close at TZS7360.00. Total volumes were recorded at 198,701 shares. Total turnover closed at TZS 276.97mn.
Market News
91 Day T-Bill Results
The weighted average yield on Kenya’s 91-day Treasury bill rose to 9.946 percent at an oversubscribed auction on Thursday from 9.667 percent last week, the central bank said.
The bank said it received bids worth 12.82 billion shillings ($125.32 million) for the 4 billion shillings worth of debt on offer. It accepted 8.94 billion shillings.
Investors have been biased on the short term notes.
Kenyan Shilling
The Kenyan shilling is expected to trade in a tight range next week, with the prospect of central bank intervention keeping a lid on any depreciation by the local currency.
The shilling was trading at 102.40/50 on Thursday afternoon, weaker than last Thursday’s close of 101.80/101.90.
KenGen
KenGen plans to spend 160 billion shillings ($1.6 billion) to add nearly 500 megawatts to the country’s grid by 2017, it will be funded partly by a planned rights issue which was given a go ahead by shareholders earlier this week in their AGM.
Sasini
Sasini announced its full year results for the period ended 30 September 2015. Profit before tax was up significantly to KES 1.1 Bn from a mere KES 45.4Mn in 2014. This was largely due to the restructuring of non-performing assets. Revenues were flat and had a negligible increase.
The Directors have recommended a dividend of KES 0.25 per share to be paid on 18th March 2016. Close of register 26th Feb 2016.
