East African Cables Emerges Top Loser

Kenyan Stock Market

The NSE 20 and NASI index rose 75.92 points and 2.62 points respectively to close at 4,176.59 and 142.80. BAT Kenya gained 9.38 percent to KES 816.00 to emerge as the day’s top gainer. E.A. Cables emerged the top loser, declining by 8.85 percent to close the day at KES11.85.

The volume of shares traded shed off 89.58 percent to close at 12.91mn. Total turnover also fell by 71.10 percent to close at KES 511.80mn. KCB Bank was the largest mover of the day with aturnover of KES 211.60mn representing 41.34 percent of the total market turnover.

Foreign buys stood at 54.01 percent of total turnover, while foreign sales stood at 81.41 percent of total turnover.

EAC Markets

Uganda: The USE ALSI and USE LSI gained 2.46 percent and 0.30 percent respectively to close at 1,823.66 and 350.08. A total of 5.37mn shares were traded today. Total turnover came to a close of UGX 740.02mn.

Rwanda: The USE RSI and RSE ALSI dropped 0.05 percent and 0.01 percent respectively to close at 195.52 and 141.99. Total number of shares traded today was 1,800 shares. Total turnover come to a close of RWF 524,000.

Tanzania: The DSEI declined 0.55 percent to close at 2,470.53 while DSE TSI went up 0.29 percent to close at 4,630.13. Tanga Cement Company rose 0.53 percent to close at TZS 15,100.00 to become top gainer. Africa Barrick Gold shed off 2.00 percent to close at TZS 7,830.00 emerging as top loser. Total volumes were recorded at 340,538 shares. Total turnover closed at TZS 1.22bn.

Upcoming Events

• CBK to auction 91-day Treasury bill worth KES 3.0bn on 03rd Sept, 2015.

• CBK to auction 182-day Treasury bill worth KES 4.0bn on 02ndSept, 2015.

• CBK to auction 364-day Treasury bill worth KES 4.0bn on 02nd Aug, 2015.