Daily Market Report: 10th March 2015

Kenyan Stock Market

The NSE 20 Index declined by 3.00 points to close at 5,368.69. The NASI Index however garnered 0.85 points to close at 172.52. BOC Kenya gained 8.82 percent on its share price to close at KES 148.00. Carbacid declined by 6.32 percent to close at KES 22.25.

The total volume of shares traded closed at 36.82mn as total turnover closed at KES 1,343.65mn depicting an increase of 112.87 percent and 76.68 percent respectively. The top mover was Equity Group with a turnover of KES 469.20mn, representing 34.92percent of the day’s total market turnover. The company released its full year results today exhibiting a 27.80 percent growth in Net Profits after tax.

Foreign buys stood at 31.32 percent of total turnover, which was a notch lower than the 47.78 percent of total turnover reported yesterday, while foreign sales stood at 52.46 percent of turnover compared to yesterday’s 61.33 percent.

EAC Markets

Uganda: The USE ALSI and the USE LSI remained at the same level to close the day at 2,026.02 and 324.52 respectively. A total of 232,557 shares were traded representing a 67.89 percent decline from yesterday’s 724,240 shares. Total turnover came to a close of UGX 41.35mn.

Rwanda: The RSE ALSI and RSE RSI remained constant to close at 137.33 and 234.63 respectively. Total Volumes were recorded at 7,973,700 shares and turnover at RWF 2.36bn.

Tanzania: The DSEI declined by 0.16 percent to close the day’s trading at 2,629.29. The DSE TSI also went down by 0.36 percent to close at 4,859.49. Swala was the highest gainer of the day going up by 14.29 percent to close at TZS 600.00. National Micro-finance Bank declined by 2.93 percent to close at TZS 3,980.00 to be the highest loser of the day. Total volumes were recorded at 6.51mn shares as Total turnover closed at TZS 2.70bn.

Upcoming Events

• CBK to auction 91-day Treasury bill worth KES 1.0bn on 12th March, 2015.
• CBK to auction 182-day Treasury bill worth KES 3.0bn on 11th March, 2015.
• CBK to auction 364-day Treasury bill worth KES 4.0bn on 11th March, 2015.