Daily Market Report: 9th March 2015

Kenyan Stock Market

The NSE 20 Index shed off 1.53 points to close at 5,371.69. The NASI Index dropped by 0.84 points to close at 171.67. Mumias Sugar went up by 9.26 percent to close at KES 2.95. Kakuzi declined 10.00 percent to close at KES 297.00.

The total volume of shares traded closed at 17.30mn as total turnover closed at KES 760.50mn depicting a decline of 52.57 percent and 28.41 percent respectively. The top mover was E.A Breweries with a turnover of KES 234.21mn, representing 30.80 percent of the day’s total market turnover.

Foreign buys stood at 47.78 percent of total turnover, while foreign sales stood at 61.33 percent of total turnover.

EAC Markets

Uganda: The USE ALSI went up by 0.79 percent to close at 2,026.02 whereas the USE LSI shoved up to close the day at 324.52. Development Finance Company Uganda was the top gainer appreciating by 2.43 percent to close at UGX 801.00. A total of 724,240 shares were traded totalling to a turnover of UGX 31.23mn.

Rwanda: The RSE ALSI and RSE RSI remained constant to close at 137.33 and 234.63 respectively. Volume was recorded at 4,800 shares and turnover at RWF 1.80mn.

Tanzania: The DSEI declined by 1.02 percent to close the day’s trading at 2,633.54. However the DSE TSI went up by 0.22 percent to close at 4,877.08. Tanzania Portland cement was the highest gainer of the day going up by 2.43 percent to close at TZS 3,790.00. National Micro-finance Bank declined by 4.21 percent to close at TZS 4,100.00 to be the highest loser of the day. Total volumes were recorded at 114,335 shares as Total turnover closed at TZS 1.42bn.

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.