The Star (Nairobi)

Kenya: Bullish Trend Gets More Fierce At the NSE

We have seen a fierce bull move in 2013 and it just got fiercer yesterday. The Nairobi all share rallied 2.12 points to close at 101.03. The Nairobi all share has rallied 6.504% in 2013 and this is 23-month high.

The last time the Nairobi all share was above the 100.00 mark was on 26th January 2011. The Nairobi ^NSE20 Index rallied 57.29 points to close at 4305.03.

The ^NSE20 Index has rallied 4.161% in 2013 and the last time the ^NSE20 Index was above 4,300 was on the 14th Feb 2011. EABL +9.433% in 2013, BAT +6.288%, ARM +22.197% and NIC Bank +10.457% set Fresh All Time Highs today.

Kenya Commercial Bank which is +5.042% is at a 57-month high. Safaricom touched levels last seen in August 2010.

Commercial and Services

Safaricom rallied 3.571% to close at 5.80 which is a 29-month closing high. Safaricom traded an intra day high of 6.00 +7.14% a level reached on the 9th August 2010 previously.

Safaricom traded a 5.50-6.00 range and closed out the session trading at 5.50 sessions lows. Safaricom has rallied 14.851% in 2013 and evidently some folks sought to bag their gains at the closing bell.

Safaricom traded 13.692m shares worth 79.61m which ranked it third overall in what was a busy session at the securities exchange. Nation Media firmed 2.575% to close at 239.00 and was trading at Session Highs of 244.00 +4.72% at the Close.

Nation Media has rallied 8.144% in 2013 and sits 0.41% below a 54 Month Closing High. Nation Media traded 5,100 shares with little Supply showing.

ScanGroup firmed 1.46% to close at 69.50 and traded 739,900 shares worth 51.633m. Kenya Airways eased 1.32% to close at 11.20 and traded just 29,100 shares worth 326,380 shillings and $3,773.00, signalling supply exhaustion at this price point which is a bullish development for the price, going forward.

Among Banks

Kenya Commercial Bank firmed 0.80645% to close at 31.25 Equity Bank rallied 5.21% to close at 25.25 and closed out the session trading at session highs of 26.00 +8.33%.

Diamond Trust Bank rallied 3.336% to close at 124.00 and sits 5.34% below an all time closing high from the May 23, 2011. NIC Bank rallied 6.289% to close at 42.25 a fresh all time closing high and was trading at 43.00 +8.18% session highs into the closing bell.

NIC Bank has rallied 10.457% in 2013.

Industrial and Allied

EABL surged 3.572% to a fresh all time closing high of 290.00 on heavy volume of 1.006m shares worth 292.461m. EABL traded an all time intra day session high of 295.00 +5.35% at the finish line.

BAT rallied 3.762% to close at 524.00 a fresh all time closing high. Athi River Mining rallied 5.82% to close at 54.50 a fresh all time high and traded shares as High as 56.00 +8.74% which is a fresh all time intra day high.

ARM has rallied 22.197% in 2013. KenGen firmed 1.665% to close at 9.15 and traded 1.370m shares. Kenya Power closed unchanged at 16.70 and traded 1.612m shares.

Kenya Power has retreated 2.339% since the beginning of the year and bucking the trend. Mumias Sugar eased 1% to close at 4.95 and traded 3.321m shares.

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  • Amr Salah
    Feb 10 2013, 10:04

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