The Star (Nairobi)

Kenya: Fastjet Move Could Be Bullish for Kenya Airways.

The Nairobi All Share rallied 0.81 points to close at 105.39.It is +11.100569% so far this year and targeting its 2013 High of 16th January and is 0.66% below that high.

NSE20 rallied 71.75 points to close at 4522.53 it is +9.412% in 2013.

Equity Turnover was 452.271m.

In Agriculture, Rea Vipingo rallied 3.75% to close at 20.75 and traded 6,300 shares.

In Commercial and Services, Safaricom closed unchanged at 5.40 and traded 3.453m shares worth 18.722m. Safaricom is +6.93% in 2013.

Kenya Airways firmed 0.46% to close at 10.90 and was trading at 11.00  +1.38% session highs. Kenya Airways traded 200,500 shares. I expect a sharp Recovery in Kenya Airways's share price  once this FastJet news is properly digested.

The Competitor Threat had been pressurising  a very oversold Kenya Airways share price

ScanGroup closed unchanged at 72.00 which is an all time closing high reached yesterday. ScanGroup traded 159,600 shares.

Marshalls East Africa was low ticked 9.54% to close at 12.80 on just 100 shares.

In Banks, Kenya Commercial Bank rallied 1.46% to close at 34.75 a fresh all time closing high. Kenya Commercial Bank was the most actively traded share with 4.716m shares worth 164.391m changing hands.

Diamond Trust traded 3rd at the Exchange. Diamond Trust rallied 6.1066% to close at 139.00, traded 294,000 shares worth 40.91m.

Equity Bank firmed 0.93% to close at 27.00 and traded 529,500 shares worth 14.335m. Equity Bank is +13.684% in 2013.

Co-oP Bank traded 4th at the Exchange and firmed 0.38% to close at 13.25 and traded 1.960m shares worth 25.975m.

Barclays Bank improved 0.31% to close at 16.20 and traded 1.211m shares worth 19.633m.

Standard Chartered improved a shilling to close at 265.00 and traded 4,000 shares. There is hardly any supply and a sharp move higher  imminent.

City Trust improved 0.22% to close at 465.00 and match an all time closing high from the 30th of January. City Trust is the subject of a Reverse Merger with I and M Bank.

Housing Finance firmed 2.79% to close at 18.40 and was trading at 18.75 +4.75% session highs at the Closing Bell. HFCK traded 80,200  shares.

In industrial and Allied. EABL firmed 0.325% to close at 307.00 a fresh all time closing high. EABL  traded a 306.00-309.00 range and 257,100 shares worth 79.183m.

BAT Kenya was the 5th most a tively traded share at the Exchange. BAT rallied 1.5377% to close at 529.00 and traded 46,900 shares worth 24.856m. BAT is +7.302% in 2013

KenGen rallied 4.814% to close at 12.45 and was trading at 12.70 +6.28% at the finish line. KenGen is the best performing stock at the  Nairobi Securities Exchange in 2013 and has rallied +41.477% in 2013. KenGen traded 349,200 shares.

Kenya Power KPLC rallied 2.78% to close at 18.45 and traded 489,800 shares.

Athi River Mining firmed 1.801% to close at 56.50 and was trading at 59.00 +6.31% hession highs at the closing bell. ARM traded 101,200 shares. ARM is +26.681% in 2013 and since the Stock was split 5 for every 1 held.

Bamburi Cement ticked 2.955% higher to close at 209.00 and traded just  2,100 shares.

Portland eased 1.11% to close at 43.50 and traded 1,600 shares.

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