NSE Commentary by Ben Kivai. The bourse closed the day with market indices edging up on renewed investor confidence as we anticipate the half year numbers. The benchmark NSE 20 Share Index was up by 25.73 points to sit at 4,746.26 points with support coming in from Safaricom and EABL which saw heavy foreign investor activity. The NSE All Share Index gained 0.92% to stand at 122.51 points buoyed by a 1.76% jump in investor wealth to 1.7 trillion. Turnover at the bourse reduced significantly compared to Friday with 23.20Mn shares valued at KES 368.79Mn traded down from 52.53Mn shares worth KES 683.45Mn transacted on Friday. The bourse saw the listing of Home Africa under the GEMS segment with the company moving 21,400 shares to close unchanged at KES 25.00. The banking sector was rather indifferent with mixed performance from the sector. Barclays Bank was the top mover with 1.90Mn shares changing hands. The counter gained 1.70% to close the day at KES 17.90. KCB unchanged at KES 40.50 moved 1.26Mn shares while Equity Bank closed the day at a slightly lower price of KES 33.50. In the Commercials Uchumi shed 1.23% to settle at KES 20.00 with thin volumes traded while Kenya Airways made a modest jump of 1.58% to close at KES 9.65. After posting a 28% jump in half year profit and an anticipated strong second half cement maker ARM Cement maintained the rally closing the session at KES 71.00 with 158,500 shares changing hands. Bamburi Cement edged up 0.95% to KES 212.00 while East Africa Portland Cement remained flat at KES 56.50. Power producer KenGen climbed up 3.93% to stand at KES 15.85 while KPLC moved 879,000 shares to an improved price of KES 14.45. The insurance sector moved thin volumes with Kenya Re emerging as the top mover with 219,700 shares traded. Liberty Kenya moved 2,600 share to close the day at KES 12.35. Telco giant Safaricom was the top mover with shares worth KES 99.04Mn changing hands. The counter closed at an improved price of KES 7.30. T Bonds: Activity in the bond market was modest with KES 1.73Bn worth of bonds transacted today
Posted on: Tue, 16 Jul 2013 08:03:59 +0000
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