Uchumi Supermarket was the top gainer of the day at the NSE on Tuesday. The company gained 9.38 percent at the price of 3.50 shillings per share followed by Total Kenya with a gain of 5.88 percent at the price of 18.00 shillings per share.
East African Cables came in third with 3.33 percent at the price of 6.20 shillings per share. Bamburi Cement and BOC Kenya gained 3.23 and 3.01 percent respectively at the price of 160.00 and 85.50 shillings per share respectively.
The image below shows how the top gainers fared on:
Express was the top loser of the day. The company lost 8.82 percent at the price of 3.10 shillings per share.
Kakuzi and KenolKobil lost 8.77 and 6.04 percent respectively at the price of 281.00 and 14.00 shillings per share respectively.
Nairobi Securities Exchange closed the top five losers of the day on Tuesday with 5.80 and 5.74 percent respectively at the price of 13.80 and 5.75 shillings per share respectively.
The image below shows how the top losers of the day fared on:
The table below shows the most traded in shares at the NSE on Tuesday
Monday’s downtrend continued on to Tuesday’s trading session with all NSE indicators closing in the red. The Nairobi All Share Index shed 1.27% to close at 127.22 points. The NSE-20 index edged 1.08% lower to 3083.68 points whilst NSE -25 Share Index slipped -1.28% to settle at 3390.17 points in the session. Equity turnover declined 11.90% to trade 17.5Mn shares worth KES 422.49 Million. Market Capitalization eased by 1.27% to close at KES 1,842.78 Billion. Market breadth, an unbiased measure of the market performance, indicated that the bearish market sentiment experienced in the previous trading session continued, with the number of stocks that declined, 28, outweighing the number of stocks that advanced, 10.
Six sectors of the NSE market closed in the green with the exception of telecommunication, investment, insurance, banking, investment services and agriculture. Construction & Allied sector led the gainers with the largest gain of 1.16% shored up by East Africa Cables Ltd (NSE: CABL) and Crown Paints Kenya Ltd (NSE: BERG) which advanced 3.33% and 1.79% to close at KES 6.20 KES 42.75 (respectively). Investment services sector was the biggest lagging sector; weighed down by the share price performance of Nairobi Securities Exchange (NSE: NSE) which lost 3.75% to close at KES 14.10.
The Kenyan shilling continued its renewed rebound gaining against five of the seven international and regional currency peers. Against the US dollar, the local unit remained resilient against the protracted dollar demand by importers, abating the greenback strength posted in recent sessions. The USDKES pair ended at 103.85. Across the pond, the shilling posted mixed performance against the British pound and Euro currency. Fears of a hard Brexit landing were re-ignited in British Premier Theresa May’s comment regarding prioritising border controls over market access.
The local unit advanced 0.26% against the pound in the trading session. The positive economic data released in the previous session uplifted the Euro currency. Euro-Zone Sentix Investor Confidence for the month of January was announced to have increased to 18.2 from the previous 12.8. On the regional front, the shilling remained stable against the South African rand whilst edging marginally lower against the Ugandan shilling. The Ugandan shilling was firmer, attributed to central bank’s mop up of excess local currency liquidity.