The Nairobi All Share turned 0.27 points higher to close at 105.19.
The Nairobi All Share rallied 15.433% from the start of the year through Feb 13th.
Feb 13th through this mornings opening the Nairobi All Share corrected 4.1826% lower.
The market has been in a bull move since May 2012 and corrections have been shallow since that time.
The correction in a bull trend looks complete.
The equity market would prefer a clear winner in round 1 and has substantial headroom of about 30-35% in the event of such an outcome.
A second round situation would be tolerable in the event it is well behaved and we do not revisit the 2007/2008 violence levels.
The Nairobi NSE20 firmed 5.54 points to close at 4469.19.
The Nairobi NSE20 is +8.129% this year and 179 points below its 27-month closing high from Feb 13th.
Kenya Commercial Bank rallied 6.081% to close at 39.25 to set a fresh all time closing high. Kenya Commercial Bank is +31.932% in 2013. Diamond Trust Bank set a fresh all time high.
National Bank closed at a 5 Year Low.
Safaricom closed unchanged at 5.65 but the weighted average was 5.69 and signalling a bias higher. Safaricom was trading at 5.70 +0.88% at the finish line.
ScanGroup traded 4th at the securities exchange and closed unchanged at 71.00 and was trading at 71.50 +0.7% at the closing bell.
Kenya Commercial Bank was the most actively traded share ahead of its FY earnings release on Thursday.
Kenya Commercial Bank rallied 6.081% to close at 39.25 which is a fresh all time closing high. KCB has rallied +31.932% in 2013 to this all time high.
Diamond Trust Bank improved 0.71% to close at 141.00. DTB has closed at a fresh all time high and is +22.6086% in 2013.
Barclays Bank closed unchanged at 16.25 and traded 1.774m shares worth 28.854m.
Standard Chartered closed unchanged at 265.00 and traded 53,700 shares worth 14.274m.
COOP Bank firmed 0.7633% to close at 13.25 and traded 320,000 shares ahead of its FY earnings release this week.
Equity Bank closed unchanged at 26.75 and traded 155,400 shares.
Housing Finance rebounded 2.79% to close at 18.40 and traded 54,200 shares.
National Bank slumped 7.262% to close at 16.60 and is -3.768% in 2013 and this is a 60 month low
previously reached on the 19th of December last year.
EABL traded 2nd at the exchange and eased 0.3571% to close at 279.00 and traded 376,000 shares worth 105.277 following Monday's session where EABL traded 3.153m shares.
KenGen rebounded 7.407% to close at 11.60 and was trading at its daily limit of 11.85 +9.72% at the closing bell. KenGen is +31.181% in 2013.
Kenya Power which is seeking a tariff Increase as we speak and meeting stiff resistance from the Private Sector Alliance (Kepsa) and the Kenya Association of Manufacturers (KAM), retreated 1.466% to close at 16.80. Kenya Power has to put forward a much more robust argument and give increased visibility around its operations before a tariff hike of this nature can be countenanced.
East African Cables firmed 2.23% to close at 13.75.