EABL Warehouse Pays off

On Wednesday’s trading session, the bourse was characterized by mixed trends on the indices and improved trading levels as depicted by the value of transactions. The NSE-20 Share Index lost ground by 0.19% to close at 3905.88 points whilst the NSE-25 Share Index, followed suit declining by 0.13% to perch at 4022.64 points.

The Nairobi All Share Index (NASI) bucked the trend, advancing marginally by 0.09% to settle at 137.99 points. Equity turnover and market capitalization remained on the green, as the former increased significantly by 32.01% to close at KES 0.983 billion and the latter garnered 0.09% to close at KES 1,940.82 billion. Market breadth, showed a slight decline as the number of stocks that advanced -13 were outweighed by the number of stocks that declined -23.

E.A Breweries Ltd (NSE: EABL) benefited from warehouse set up in Ruaraka which saw the brewer record a 11.7% drop in distribution costs for the year ended June 2015. The 20,000 square metre warehouse is set to reduce cost and also increase efficiency in distribution and logistics which eventually bolster the bottom line performance. The brewer topped the most actively traded stock list, accounting for 10.35% of the days traded value.

Equity Market Highlights

Equity Group Holdings Ltd (NSE: EQTY) was the most actively traded stock today accounting for 34.36% of the total market value traded activity. Safaricom Ltd (NSE: SCOM) closed in second place, accounting for 14.51% of the days traded value.

Jubilee Holdings Ltd (NSE: JUB) topped the gainers list appreciating by 9.27% to close the day at KES 448.00. Standard Group Ltd (NSE: SGL) went up by 5.36%, to close at KES 29.50.

Liberty Kenya Holdings Ltd (NSE: CFCI) was the top laggard of the day edging down by 7.95 % to close at KES 19.10. Eveready E.A Ltd (NSE: EVRD) strayed behind, depreciating by 5.17% to close at KES 2.75.