Morning Brief 29/5/2017
On Friday (26 May) the Nairobi All Share Index closed up by 1.52 points to end the week at 147.07 points. On a year to date basis the All Share Index has returned 10.30% and seems to have begun picking up steam. The current 52 week range is between 119.62 and 147.50 points.
The NSE 20 Share index was up by 31.48 points to close at 3,442.38 points and seems to be headed for the 3,500 level. Since 2017 began the NSE 20 has returned 8.04%. The current 52 Week range is between 2,789.64 and 3,867.50 points.
Total Equity turnover on Friday was down by 45.4% to Ksh 565.47 million compared to Thursday’s turnover of Ksh 1.04 billion. Total shares traded came in at 24.12 million compared to Thursday’s 38.56 million shares. Total deals executed were 1,487.
Energy & Petroleum Sector Company KenGen was the most traded counter with 5.97 million shares traded in the session. Kengen closed the session at Ksh 7.40 per share. The counter is up 26.50% since the year began.
Telecommunication Company Safaricom Limited traded 5.86 million shares on Friday. The counter closed steadily at Ksh 21.75 per share and is up by 14.5% for the year so far.
In the banking sector Co-operative Bank of Kenya closed Friday’s session at Ksh 17.50 per share with 2.47 million shares traded. On a year-to-date basis the counter is up by an impressive 34%.
This week the following market events will happen on 31 May:
· CIC Group Book Closure
· Kakuzi Limited Book Closure
· Nairobi Securities Exchange AGM and Book Closure
· WPP Scangroup Book Closure
In line with market expectations, Kenya’s Central Bank (CBK) has for the fourth time left its benchmark interest rate on hold at 10 percent at its May 29th 2017 meeting... Read More
Barclays Bank has made public its Q1 2017 results as profit before tax decreased 17.2% to Ksh 2.5 Billion compared to Ksh 3. Billion posted in the same period in 2016. Customer... Read More
IBM scientist Abdigani Diriye has been selected as a TED Fellow for his research in mobile-based financial services and for launching a Somalia-based accelerator program for... Read More
Smaller Kenyan banks are bearing the brunt of the impact of the cap on loan rates and the floor on deposit rates introduced in September 2016, and may become takeover targets or... Read More
Tuskys Supermarkets, arguably Kenya’s most successful retail chain last week unveiled its largest store in Nairobi Central Business District (CBD) following the merger of... Read More
Nigeria’s leading e-commerce platform MallforAfrica has opened an office in Nairobi, saying this follows a growing demand by Kenyans to buy from leading retailers in the... Read More
Standard Chartered Bank Kenya has announced a 19 percent drop in pretax profit of $30 million for the first quarter of 2017 saying the drop was as a result of the rate caps... Read More
RwandAir, the national carrier of the Republic of Rwanda, has acquired another brand new state of the art Boeing 737-800 Next Generation aircraft equipped with inflight... Read More
Bayerische Motoren Werke AG (BMW) has recalled more than 45,000 older 7-Series vehicles in the United States due to a problem with doors, which caused them to fly open while the... Read More
Representatives from the Group of Seven (G7) countries agreed on Saturday to fight against trade protectionism and maintain sanctions against Russia regarding the Minsk Protocol... Read More
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|Daily Volume||19.35 M|
|Daily Value||4.92 M|
|No. Of Shares||68|
|Symbol||Last Trade||Chg||% Chg|
|Symbol||Last Trade||Chg||% Chg|