NSE Market Report
Turnover on the bourse was down by 54% to KES 368.75 Million from the previous day. All share Index gained a mere 0.01 points to close at 143.48 points. On the other hand, NSE 20 Index went down by 38.01 points to close at 3,978.17 points. A total of 12.2 Million shares were traded.
Gainers
| Counter | Price | % Change |
| UMME | 18.80 | 7.43 |
| FIRE | 3.65 | 4.29 |
| BERG | 61.00 | 4.27 |
| HFCK | 22.00 | 3.53 |
| EVRD | 3.00 | 3.45 |
Losers
| Counter | Price | % Change |
| ADSS | 1.75 | 18.60 |
| BOC | 95.00 | 9.52 |
| LKL | 4.30 | 8.51 |
| UCHUM | 7.30 | 7.59 |
| SGL | 29.50 | 6.53 |
Movers
| Counter | Volume | % of Volume Traded | Market Cap. |
| SCOM | 4.23M | 34.9 | 631.03B |
| KNRE | 3.25M | 26.8 | 15.22B |
| KEGN | 1.21M | 10.0 | 16.82B |
| MSC | 0.645M | 5.3 | 2.45B |
| EQTY | 0.472M | 3.9 | 157.55B |
Fixed Income
In the debt market, bonds worth 2.2 billion shillings ($21.55 million) were trade, up from the previous day’s volume of 1.2 billion shillings.
Market News
British American Tobacco
British American Tobacco Kenya, which was linked to claims of bribery in the British television programme Panorama on Monday, inched down by just 1 shilling to close at an avg. price of KES 784 per share. Traders said it would take the next few trading sessions for them to tell the full extent of the impact of the claims made in Panorama on the shares. 90,100 shares were traded consisting of a turnover of KES 70.72 Million.
Atlas Development & Support Services Ltd
ADSS announced that it has taken a decision to place its Kenyan subsidiaries into liquidation by way of “creditors’ voluntary liquidation.” It has been less than 2 years since Atlas began operations in Kenya. The liquidation is only on its Kenyan subsidiaries and not the holding company which is based in London. Atlas wants to focus administrative functions and activities in Ethiopia where they have a better chance of survival. The global hit on oil has led to the failure of their key clients in settling debts this has forced the move.
Atlas will still remain listed on the Nairobi Securities Exchange.
Atlas traded 146,200 shares and closed at KES 1.75. Atlas has been on a free fall.
The liquidation move is commendable and Kenyan WallStreet will be keenly monitoring their restructuring operations as events unfold in order to determine an appropriate moment to jump in on this stock.
