Daily Market Report: 12th March 2015

Kenyan Stock Market

The NSE 20 Index lost 0.29 points to close at 5,347.54. The NASI Index also lost by 14.89 points to close at 172.42.TPS Serena gained 2.24 percent on its share price to close at KES 34.25 to become the highest gainer while National Bank declined by 5.94 percent to close at KES 23.75 to be the highest loser in the market.

The total volume of shares traded closed at 27.32mn as total turnover closed at KES 623.48mn depicting an increase of 41.21 percent and 7.18 percent respectively. The top mover was Equity Group with a turnover of KES 168.57mn, representing 27.04 percent of the day’s total market turnover.
Foreign buys continued with its descent this week closing at 22.71 percent of total turnover compared to 27.61 percent yesterday, while foreign sales went up to 67.86 percent of turnover compared to yesterday’s 60.72 percent.

EAC Markets

Uganda: The USE ALSI went up by 2.78 percent to close the day at 2,094.78 while USE LSI remained constant to close the day at 324.52. A total of 1,019,365 shares were traded representing a 111.88 percentage increase from yesterday’s 481,106 shares. Total turnover came to a close of UGX 37.38mn.

Rwanda: The RSE ALSI and RSE RSI remained constant to close at 137.33 and 234.63 respectively. The trading session remained quiet for the day.

Tanzania: The DSEI and DSE TSI fell by 0.07 percent and 1.13 percent respectively to close the day’s trading at 2,605.04 and 4799.20 respectively. Africa Barrick Gold was the highest gainer of the day shoving up by 2.49 percent to close at TZS 6,580.00. National Microfinance Bank declined by 6.06 percent to close the day at TZS 3,720 to be the highest loser of the day. Total volumes were recorded at 1,956,911 shares as Total turnover closed at TZS 1,55bn.

Upcoming Events

• CBK to auction 91-day Treasury bill worth KES 1.0bn on 19th March, 2015.

• CBK to auction 182-day Treasury bill worth KES 3.0bn on 18th March, 2015.

• CBK to auction 364-day Treasury bill worth KES 4.0bn on 18th March, 2015.