19 February 2013

Kenya: NSE Hyper-Sensitive to Political News Headlines

The Nairobi All Share could not snap a 3 session losing streak. The Nairobi All Share retreated 0.86 points to close at 106.72. It has corrected 2.5388% over 3 sessions.

The Nairobi NSE20 eased 40.86 points to close at 4573.88.The Nairobi NSE20 has corrected 75 Points and 1.613% over 3 sessions.

Evidently, the bourse is now going to display hyper sensitivity to news headlines and political risk as we approach the 1st Round of the elections.

In Agriculture, Rea Vipingo firmed 2.409% to close at 21.25 and traded 5,500 shares. It is +11.842% in 2013 and this is a 34 Month Closing High.

In Commercial and Services, Safaricom traded 3rd at the exchange and closed unchanged at 5.55 ,14.742m shares worth 81.887m. Safaricom is +9.9009% in 2013.

Access Kenya firmed 2.98% to close at 6.90 and traded 1.183m shares. Access Kenya is +56.181% in 2013 and the best performing share at the NSE in 2013.

Nation Media traded 4th and eased 1.13% to close at 263.00 and traded 270,600 shares worth 71.427m. Nation Media is +19.0045% in 2013.

Uchumi firmed 0.2577% to close at 19.45 and traded 319,300 shares. Uchumi announced that it was about to open a new store in Dar-es-Salaam this year.

Kenya Airways traded 626,300 shares and eased 1.395% to close at 10.60.

ScanGroup retreated 4.109% to close at 70.00 and traded 34,500 shares.

In Banks, Kenya Commercial Bank was the most actively traded share at the Nairobi Securities Exchange and firmed 0.68% to close at 37.25 and traded 5.277m shares worth 197.194m and 26.84% of the Total volume at the exchange Today.

Barclays Bank firmed 1.24% to close at 16.35 and traded 1.629m shares worth 26.685m. Investors are anticipating the final dividend which is worth 4.281% of yield. The one Africa Strategy will I believe give Barclays an edge going forward and therefore I think the price trends higher from here.

Equity Bank ticked 1.785% lower to close at 27.50 and traded 197,000 shares.

Diamond Trust closed unchanged at 140.00 which is an all time high, traded just 5,500 shares.

Standard Chartered closed unchanged at 278.00 and traded 30,400 shares.

Co-operative Bank corrected 2.55% lower to close at 13.35 and traded 196,200 shares.

National Bank ticked 2.59% higher to close at 19.80 and traded 61,000 shares.

City Trust closed 2.521% lower to close at 464.00 and traded 4,300 shares.

In Industrial and Allied, EABL traded 2nd at the Exchange and retreated 2.711% to close at

287.00 and was being low ticked at Session Lows of 272.00 -7.8% at the

finish line. EABL traded 582,500 shares worth 167.423m.

East African Portland Cement was the biggest gainer at the Exchange today and rallied 6.214% to close at 47.00 on light trading of 700 shares.

BOC Kenya was sold down 7.407% to close at 100.00 and traded 221,400 shares which is a big Slug of shares for what is typically a lightly traded share.

BAT traded 70,700 shares worth 37.753m and all at 534.00 -0.56%. BAT is +8.757% in 2013.

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