Morning Brief September 26, 2017
The Nairobi All Share Index closed Monday’s session down by 0.19 points to close at 165.72 points. The current 52 week range on the index is 119.62 – 173.47 points. The current year-to-date return is 24.28%.
The NSE 20 index fell further by 14.09 points to close at 3,750.35 points. With the current trend there seems to be a lot of downside pressure on the index which is a composition of Kenyan Blue Chip companies.
Turnover on Monday picked up slightly however it is still low from a historical perspective, total equity turnover came in at Ksh 254.2 million versus Ksh 214 million in the previous session. A total of 10.9 million shares were traded.
Safaricom maintained dominance in the session with 63% of the session’s volumes going its way. A total of 6.9 million shares were traded. Safaricom touched Ksh 26 before retreating and closing the session unchanged at Ksh 25.75.
ARM Cement continued its downward trend touching a fresh 52 week low of Ksh 11.30 on Monday’s intra-day trading. The counter closed at Ksh 11.75. The cement manufacturer has lost 50% of its shareholders’ value since the year began.
Standard Group was up 8.3% to close at Ksh 39.00 per share. Standard Group is arguable the best counter on the exchange so far. The share price has more than doubled since the year began (116%). A simple Ksh 500,000 investment at the beginning of the year would have turned into a Ksh 1 Million.
In the news Flame Tree Group acquired playground equipment manufacturer and distributor, Polyplay Limited for an un-disclosed amount.
Centum Investments will close its books for the consideration of a final dividend of Ksh 1.20 on Wednesday September 27, 2017.
Courtesy of The Kenyan Wall Street
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|Daily Volume||36.27 M|
|Daily Value||9.11 M|
|No. Of Shares||68|
|Symbol||Last Trade||Chg||% Chg|
|Symbol||Last Trade||Chg||% Chg|