Flame Tree Declines 9 Percent to Emerge Top Loser of the Day

Kenyan Stock Market

The NSE 20 and NASI index rose by 6.11 points and 0.65 points respectively to close at 5,061.11 and 172.35. The highest market gainer of the day was Car and General edging up by 7.14 percent to close at KES 48.75, Flame Tree on the other hand emerged as the top loser, declining by 9.04 percent to close the day at KES 8.55.

The volume of shares traded edged up by 183.56 percent to close at 34.96mn, total turnover also rose by 79.81 percent to close at KES 858.94mn. Safaricom was the overall market mover with a turnover of KES 435.90mn representing 50.74 percent of total market turnover.

Foreign buys stood at 27.69 percent of total turnover, while foreign sales stood at 54.49 percent of total turnover

EAC Markets

Uganda: The USE ALSI and USE LSI declined by 0.39 percent and 0.09 percent respectively to close at 2,024.08 and 325.87. A total of 1.83mn shares were traded today. Total turnover came to a close of UGX 276.93mn.

Rwanda: The RSE ALSI and RSE RSI remained constant to close at 232.91 and 137.05 respectively. Total number of shares traded today was 330,100 shares. Total turnover come to a close of 97.72mn.

Tanzania: The DSEI and DSE TSI declined by 0.36 percent and 0.95 percent respectively to close at 2,696.16 and 4,716.50. African Barrick Gold was the top gainer of the day gaining 1.36 percent to
close at TZS 8,310, Tanga Cement Company was the top loser of the day dropping by 4.50 percent to close at 3,800.Total volumes were recorded at 426,795 shares. Total turnover closed at TZS 5.20bn.

Upcoming Events

• CBK to auction 91-day Treasury bill worth KES 1.0bn on 30th April, 2015.

• CBK to auction 182-day Treasury bill worth KES 3.0bn on 29th April, 2015.

• CBK to auction 364-day Treasury bill worth KES 4.0bn on 29th April, 2015.