Morning Brief 24 July 2017
The Nairobi All Share Index closed Friday’s session up by 0.99 points to close at 155.30 points and is on its way to the previous 52 week high of 155.56 points. The index has returned 16.47% on a year-to-date basis.
The benchmark NSE 20 share index closed the week breaking a new 52 week high of 3,700.44 points. The index has now comfortably returned 16.14% on a year-to-date basis.
Friday’s turnover came in at Ksh 704.7 million with a total of 29.8 million shares traded. Total deals executed were 1,179.
Uchumi Supermarkets touched a session high of Ksh 3.30 up 10% in the session before closing at Ksh 3.15 per share. Uchumi Supermarkets returned 8.62% in the week just ended.
CIC Insurance has been on a tear and broke a new 52 week high of Ksh 5.00 on Friday’s session. The counter is comfortably up by 31.5% on a year-to-date basis. We expect insurance companies to be releasing their half year results.
On the losers side Express Kenya was down by 9.09% to close at Ksh 3.50 per share on the back of a small trade of 200 shares.
Deacons East Africa shed 7.69% on Friday’s session to close at Ksh 3.60 per share. The retailer is down by 41% on a year-to-date basis.
KCB Group had the highest volumes traded on Friday’s session with 5.1 million shares exchanging investors’ hands. The counter is up by 37.9% on a year-to-date basis.
Cairo-based investment bank, EFG-Hermes Holding SAE has announced it has received approval from the Capital Markets Authority of Kenya to start operations in the country. EFG-... Read More
Ushahidi, a Kenyan non-profit software company says it has dismissed its Chief Executive Daudi Were following sexual harassment allegations raised by a former employee of the... Read More
Kenya’s Ministry of Treasury has decided to extend the closing date of its mobile traded bond sale by eight weeks to 11 September from 21 July 2017. Retail investor... Read More
Alipay, the online and mobile payment platform offered by Chinese e-commerce giant Alibaba plans to enter the Kenyan market according to the company’s founder &... Read More
Is Kenya’s GDP data turning a little too Chinese? Capital Economics, one of the world’s leading economic research firms has said it has doubts about the accuracy of... Read More
The market’s plumage was unruffled by election jitters; the roseate flight continued as a result of burgeoning demand. However, activity slumped considerably with 170.5 million... Read More
Entrepreneur support firm Sinapis on Saturday, July 22nd 2017 held its 4th annual entrepreneur graduation ceremony and business plan competition, an event in which entrepreneurs... Read More
Kenya’s National Treasury last month launched the second offer of the M-Akiba Mobile Bond targeting to raise Sh 1.0 Billion, with a greenshoe option of a further Sh 3.85... Read More
Cigarettes and Tobacco manufacturing company British American Tobacco Kenya Ltd (Stock; BAT Kenya) has reported a decline of 9 percent in profit after tax to Sh 1.95 Billion for... Read More
In the recent past Kenya’s economy has been largely driven by small scale business that make up a large percentage of the country’s revenue. In Kenya, SMEs have played a key... Read More
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|Daily Volume||14.05 M|
|Daily Value||4.03 M|
|No. Of Shares||68|
|Symbol||Last Trade||Chg||% Chg|
|Symbol||Last Trade||Chg||% Chg|