The bourse closed in a healthier state during Monday’s trading session with all the indices pointing north. The NSE-20 Share Index was in the green territory; edging up by 0.72% to close at 4021.14 points whilst the NSE-25 Share Index climbed up 0.44% to close at 4230.67 points. The Nairobi All Share Index (NASI) gained a marginal 0.40% to close at 147.63 points.
Market capitalization was up; 0.40% to clinch at KES 2,076.76 billion whilst equity turnover bucked the trend, depreciating by 52.26% to KES 0.375 billion. The advancers outweighed the decliners resulting in an A/D ratio of 1.47x, a clear indication of an eminent market correction underway on the stocks.
Diamond Trust Bank of Kenya (NSE: DTB) announced its Q3 15 results for the period ended 30th September 2015 recording a net profit of KES 4.7Billion compared to KES 4.2Billion posted a year earlier. This growth was heightened by regional operations which saw their contribution to the overall profit rise to 28.4% from 25.4% last year. The Bank has regional operations in Tanzania, Uganda and Burundi and it anticipates to grow its network to 56 branches from the current 51. We expect further growth in the banks topline driven by regional expansion which will drive revenue growth.
Equity Market Highlights
Safaricom Ltd (NSE: SCOM) was the most actively traded stock today accounting for 38.43% of the total market value traded activity driven by increased foreign inflows. Equity Group Ltd (NSE: EQTY) was the second most active stock, accounting for 29.04% of the days traded value.
Flame Tree Group Ltd (NSE: FTGH) topped the gainers chart, garnering 9.09% to close the day at KES 6.60. Home Afrika Ltd (NSE: HAFR) extended by 8.33%, to close at KES 1.30.
Pan Africa Insurance Ltd (NSE: PAFR) was the major laggard of the day, declining by 5.38% to close at KES 61.50. Atlas Development & Support Services Ltd (NSE: ADSS) was second, losing ground by 4.92% to close at KES 2.90.