The Nairobi all share rallied 0.54 points to close at 93.13. The all share is +36.895487% in 2012 and this is a fresh 17-month closing high. The Nairobi NSE20 firmed 13.49 points to close at 4171.87.
The NSE20 Index is +30.14% in 2012 and this is a fresh 21-month closing high. They say a bull market climbs a wall of worry and we have been in a bull market all year with seemingly nothing able to knock it back.
Yesterdays turnover was 593.405m. Safaricom has rallied 5.434% over the last two sessions and closed at a 25-month high and traded 5.00 into the closing bell a level not seen since August 2010.
Williamson Tea rallied by its daily limit of 10% to close at 220.00.
In Commercial and Services:
Safaricom rallied 2.105% to close at 4.85 which is a fresh 25-month closing high. Safaricom has rallied 5.434% over the last two sessions.
Safaricom traded 14.326m shares worth 69.533m and traded an intra-day high of 5.00 +5.26% in to the closing bell. Safaricom last traded 5.00 in August 2010. Safaricom is +71.8644% in 2012 and it is predicted and predictable that it will cross 5.00 imminently.
Uchumi rallied 1.291% to close at 19.60 and traded 1.485m shares worth 29.151m. Uchumi is 1.507% below a seven year closing high of 19.90 from October 16.
LongHorn Kenya was high ticked by 10% to close at 9.90 on 100 shares and the economic value of that transaction is $11 and 44 cents.
Kenya Commercial Bank traded second at the Exchange. KCB eased 0.826% to close at 30.00 [The Weighted Average was 30.20] and traded 3.683m shares worth 111.227m.
Equity Bank eased 1.02% to close at 24.25 and traded 4.586m shares worth 111.223m. Equity Bank is +53.495% in 2012 Standard Chartered firmed 1.2675% to close at 239.00 and traded 43,400 shares worth 10.408m.
Standard Chartered is +60.256% in 2012 and this is a fresh 18 month closing high. Diamond Trust rebounded 8.487% to close at 115.00 and traded 58,400 shares. COOP Bank improved 0.41% to close at 12.15 and traded 1.213m shares worth 14.739m.
City Trust traded 43,900 shares worth 15.716m all at 358.00 +0.85%. In Industrial and Allied EABL was the most actively traded share and closed at a weighted Average of 242.99 which was rounded down to 242.00.
EABL traded 507,300 shares worth 123.266m. Kenya Power KPLC bucked the bull trend and retreated 3.0555% to close at 17.45 and traded 1.504m shares worth 26.284m.
Mumias Sugar rallied 2.6775% to close at 5.75 and traded 2.469m shares. Mumias Sugar trades on a trailing PE of 4.371 which is a steep discount to the market average and bargain hunters are evidently stepping in. Bamburi Cement firmed 1.71% to close at 179.00 and traded 63,900 shares. BAT firmed 2.043% to close at 449.00 and traded 16,500 shares.