Daily Market Report: 05th March 2015

Kenyan Stock Market

The NSE 20 Index dropped 50.03 points to close at 5,411.05. The NASI Index dropped by 0.52 points to close at 172.28. Mumias Sugar went up by 8.00 percent today to close at KES 2.70. Crown Paints declined 9.29 percent on yesterday’s price to close at KES 127.00 today.

The day’s volume of shares traded closed at 28.29mn and turnover closed at KES 1,367.24mn, a decline of 37.67 percent on yesterday’s turnover. The top mover was Equity Group with a turnover of KES 350.48mn, representing 25.63 percent of the day’s total market turnover.

Foreign buys stood at 38.95 percent of total turnover, while foreign sales stood at 60.83 percent of total turnover.

EAC Markets

Uganda: The USE ALSI increased by 32.78 percent to close at 2,034.91 as the USE LSI remained constant to close the day at 323.51. Today’s total volume was recorded at 61,423 shares and total turnover was recorded at UGX 15.57mn.

Rwanda: The RSE ALSI and RSE RSI remained constant to close at 137.33 and 234.63 respectively. Volume was recorded at 11,200 shares and turnover at 4.09mn.

Tanzania: The DSEI decreased by a marginal 0.03 percent to close the day’s trading at 2,677.20 as the DSE TSI declined by 0.40 percent to close at 4,914.05. CRDB’s increased by 3.96 percent in today’s trading to close at TZS 400.00, while Tanzania Portland Cement decreased by 4.64 percent to close at TZS 3,700.00. Today’s volume was recorded at 10.10mn shares. Total turnover was recorded at TZS 4.12bn.

Upcoming Events

• CBK to auction 91-day Treasury bill worth KES 1.0bn on 12th March, 2015.

• CBK to auction 182-day Treasury bill worth KES 3.0bn on 11th March, 2015.

• CBK to auction 364-day Treasury bill worth KES 4.0bn on 11th March, 2015.