NSE Market Report 2/12/2015
Turnover on the bourse was up by 36.4% to KES 503.09 Million from the previous day. All share Index gained 0.73 points to close at 144.21 points. NSE 20 Index went up by 11.70 points to close at 3,989.87 points. A total of 15.24 Million shares were traded.
Gainers
| Counter | Price | % Change |
| PORT | 50.00 | 9.89 |
| UCHUM | 7.90 | 8.97 |
| SGL | 32.00 | 8.47 |
| TOTL | 18.95 | 6.76 |
| SASN | 18.00 | 6.51 |
Losers
| Counter | Price | % Change |
| EGAD | 22.50 | 10.00 |
| LKL | 4.05 | 8.99 |
| ADSS | 1.60 | 8.57 |
| FAHR-I | 20.50 | 4.65 |
| CARB | 15.00 | 2.28 |
Movers
| Counter | Volume | % of Volume Traded | Market Cap. |
| SCOM | 5.41M | 35.5 | 635.04B |
| EQTY | 4.19M | 27.5 | 157.55B |
| BBK | 0.795M | 5.2 | 71.42B |
| KCB | 0.681M | 4.5 | 121.00B |
| KEGN | 0.629M | 4.1 | 17.04B |
Fixed Income
In the debt market, bonds worth 2.9 billion shillings were traded, up from the previous day’s volume of 2.2 billion shillings.
Market News
East African Portland Cement
Portland Cement is set to publish their full year results for the year ended 30th June 2015 on 8th December 2015.
East African Portland Cement Company Ltd closed at 50.00, 30.72% above the 52 week low of 38.25 set on Nov 20, 2015. It gained 9.89% in today’s session. The price was distorted by 300 shares which were traded. 2 deals were executed.
British American Tobacco
EABL group relations director Julie Adell-Owino resigned after she was extensively named in the BAT-Kenya bribery claims in a BBC Panorama program. She described this as a ‘shock to her and her family.’
“In 2012, BAT lobbyist Julie Adell-Owino arranged bribes totalling US$26,000 for three public officials in Rwanda, Burundi and the Comoros Islands. All three officials were connected to a United Nations effort to reduce the number of tobacco related deaths, the Framework Convention on Tobacco Control,” read part of the story. On phone, Ms Adell-Owino noted that it was her request to leave the company.
The full extent of the impact of the claims made in Panorama have not yet been established and may take some time. If it goes against them their parent company will likely be fined.
BAT traded only 100 shares in today’s session and closed at KES 780.00.
KCB
KCB, second largest mortgage financier, will hold its last property tour this year for potential home buyers this Saturday as it cranks up plans to set up own building arm.
Their mortgage business is targeting to enter the construction sector by building cheaper houses targeting emerging middle class. KCB has been engaging development partners in Brazil and Mexico for seed capital as it looks to deploy affordable building technology for its proposed units.
KCB traded 681,900 shares. Avg. share price KES 40.71. 117 Deals executed. KCB is down by 31.62% year to date. Investment professionals recommend KCB a buy.
