Market turnover during the week at the Nairobi Security Exchange stood at USD 20.66 million or 2.1 billion shillings down by 31.1 percent on a week -on -week basis.
The NSE 20 lost 0.3 percent on a week – on – week basis to close at 3,147.04 while NASI index gained 1.5 percent on a week – on – week basis to close at 135.22.
On the East African Community Markets;
The USE ALSI dropped 0.01 percent on a week-on-week basis to close at 1,573.18 while USE LSI dropped 0.50 percent to close at 375.62. all these are for Uganda.
In Rwanda, the RSE RSI dropped 0.23 percent on a week-on-week basis to close the week at 122.35 and RASI gained 0.03 percent on a week-on-week basis to close the week at 127.60 while in Tanzania, the DSEI gained 4.79 percent on a week-on-week basis to close at 2,327.65 while TSI gained 0.66 percent to close at 3,497.91 Total turnovers stood at TZS 7.3 BN.
Here is a preview of the market:
Trans-Century Limited (NSE: TCL) has delayed publication of its FY16 annual results, citing an equity transaction (possibly with Kuramo Capital) that was finalized on 3rd April 2017.
KCB plans to shut down some South Sudan Branches while ARM Cement Ltd (NSE: ARM) announced weaker than expected FY16 results. Crown Paints Ltd (NSE: BERG) on the other hand joined TransCentury Ltd (NSE: TCL) and Uchumi Supermarkets Ltd (NSE: UCHM) in delaying release of FY16 results.
Deacons (East Africa) Plc (NSE: DCON) is expected to complete its business restructuring by end of June 2017.
NSE 20 Share Index down 1.23% YTD to 3147.04 while NASI up 1.41% YTD to 135.22. Value traded at KES 2.13Bn (USD 20.67Mn) for the week.