|Activity in the equities market increased significantly on Tuesday despite a slight drop of two of the three indices. The NSE 20 Share index added 7.89 points to end the day at 3775.09 points while the NASI was down marginally by 0.92 points to close the day at 146.37 points.
The NSE 25 Share index decreased by 15.79 points to level at 4117.78 points. Market Capitalization dwindled to KES 2076 billion from 2089 shillings billion previously whilst equity turnover rose to 1.28 billion from 0.77 billion shillings yesterday due to improved trading as compared to the previous day.
Nairobi Business Ventures (NBV), a leather products retail chain, listed by introduction at the Nairobi Securities Exchange today where 1000 shares were moved in its first day of trading and closed the day at a price of KES 8.00.The Shoe vendor became the first firm in one and a half years to list at the Growth Enterprise Market Segment (Gems) of the bourse.
Counters expected to show high activity levels going forward are Kapchorua, Williamson Tea Ltd, CFC Holdings and Umeme whose books closures date is set for 30th June 2016.
|The Kenyan shilling traded steadily against the US dollar despite demand pressure from the manufacturing sector which made it weakened slightly. Commercial banks quoted the shilling at a mean of KES 101.20/30. The Shilling’s dealing against the Sterling pound was more volatile as the date for the Brexit vote drew closer.