NSE Market Report 25/11/2015
Turnover at the bourse was down by 62.7% compared to the previous day. Turnover was KES 348 million. 16.4 Million Shares were traded.
Gainers
| Counter | Price | % Change |
| TOTL | 18.95 | 9.22 |
| ARM | 48.00 | 8.47 |
| HAFR | 1.40 | 7.69 |
| NMG | 153.00 | 6.99 |
| KNRE | 21.75 | 3.57 |
Losers
| Counter | Price | %Change |
| ADSS | 2.50 | 9.09 |
| MSC | 1.55 | 8.82 |
| WTK | 341.00 | 5.54 |
| XPRS | 4.00 | 4.76 |
| TPSE | 27.25 | 4.39 |
Movers
| Counter | Volume | Market Cap. |
| KCB | 4.96M | 125.54B |
| SCOM | 2.98M | 641.05 |
| KENO | 2.34M | 11.77B |
| MSC | 2.26M | 2.37B |
| HAFR | 0.862M | 0.567B |
Announcements
EAAGADS
EAAGADS announced its half year results for the 6 months ending 30 September 2015. EGAD’s Profit before tax went down by 27.48% to KES 13.614 Million. Total Assets went up by 34.93% to KES 630.711 Million. Revenue went up by 6.48% to KES 44.730 Million compared to the previous half year. EPS went down by 18.9% to KES 0.30 per share.
The company attributes its profit due to improvement in sales volume however international coffee prices were down during the period under review. The production levels are forecasted to be sustainable in the future.
Analysis
EGAD is involved in the growing and selling of coffee, hence, performance is likely to be reflected in accordance with coffee prices, the higher the better.
KenyanWallStreet will be keenly monitoring trends in the Coffee industry.
(cents/lb)
NIC BANK Q3 Results
NICE Bank released its Q3 2015 results. Profit before tax was up by 8.5% to KES 5.143 Billion. Total interest income went up 19.7% quarter on quarter to KES 12 Billion. Non-Interest Income went up by 15.6 % this was driven by an increase in FX trading income.
EPS went from KES 5.58 to 5.61 per share.
Analysis
Consensus target price is at KES 54.20 per share. NIC bank looks cheap on a P/E basis.
Current share price KES 43.00 per share
