Daily Market Report—20/01/2016
The NSE market continued with downwards movement losing KES 25.96Billion in market capitalization. Yesterday’s turnover was 7.76% lower to KES 837.00Million with volumes dropping by 1.95%. Top five counters traded 85.91% of total volumes and 79.18% of turnover.
The NSE 20 Share Index shrunk by 1.01% with large drops on the representative counters
NSE 25 Share Index lost 1.27% while NASI was down 1.32%. Kapchorua and the sister company Williamson Tea Kenya were the main losers shedding 13.68% and 10.00% respectively due to the bonus share that closed last week Friday. Foreign activity was at 63.26%.
Banking Sector Index contracted by 1.55% dealing 13.19Mn shares. DTB and NBK gained 2.82% and 1.52% in market capitalization to close at 182.00 and KES 16.85 respectively. KCB settled at a losing price of KES 37.50, a new y-t-d low.
Insurance Sector Index dropped marginally by 0.78%. Britam was the sector main loser contracting by 4.76% trading only 0.46Mn shares. Pan Africa recovered KES 1.50 in client’s value after opening the week at a low of KES 55.50.
Source of Data; NSE,Sterling Capital
