Morning Brief August 18, 2017
The Nairobi All Share Index closed down by 0.71 points to close at 166.08 points on Thursday’s session. The index has taken a slight reversal after touching a 52 week high of 168.81 points earlier on Monday. The main index has returned 24.55% since the year began.
The NSE 20 share index closed down 23.45 points to close at 4,045.89 points. The benchmark index crossed the 4,000 level mark on Monday’s session. The year-to-date return on the index is 26.98%.
Thursday’s turnover was down to a total of Ksh 563.3 million compared to the previous day’s turnover of Ksh 1.13 billion. A total of 24.7 million shares were traded with 1,547 deals executed.
The top gainer in the session was Olympia Capital Holdings that saw its share price go up by 10% to Ksh 3.30. The counter traded only 1,000 shares.
Agricultural company Sasini Tea touched an intra-day high of Ksh 27.00 before softening to close up 8% to Ksh 26.50 per share. The current 52 week high is Ksh 28.00.
In the banking sector Housing Finance Group (HF Group) released its half year 2017 results that saw its profit after tax drop by 74% to Ksh 159 million. Total Interest income declined by 18.2% to Ksh 3.68 billion. The company argues the drop is due to the prevailing impact of the interest rate cap law and unfavorable macroeconomic environment. The lender says that H2 performance will be positive as the property conveyance processing at the Ministry of Lands is expected to normalize. The counter closed down by 7.4% on Thursday to close at Ksh 11.90 per share.
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|Daily Volume||30.28 M|
|Daily Value||6.97 M|
|No. Of Shares||68|
|Symbol||Last Trade||Chg||% Chg|
|Symbol||Last Trade||Chg||% Chg|