The Nairobi Securities Exchange traded 14.6 million shares valued at Ksh348 millions were traded on Tuesday 11th April in 1,275 deals, up from 10.5 million worth of Ksh257 million shares posted on Monday. [see investment tips at the end of article]
The NSE 20 Share Index was up 11.83 points to stand at 3,104.43, while the All Share Index (NASI) ended 0.15 points higher to settle at 133.45. However, the NSE 25 Share Index was down 14.57 points to stand at 3507.54.
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The agricultural sector had Sasini as the most heavily traded counter with 2.1M shares worth Ksh59.5M changing hands at between Ksh24.50 and Ksh28.00.
The Banking Sector traded shares worth Ksh96.4M and accounted for 27.70 per cent of the day’s traded value. KCB Group had 2M shares valued at Ksh72M transacted at between Ksh33.00 and Ksh33.75. Barclays Bank dropped by 1.26 per cent to Ksh7.80, and moved 792,000 shares worth Ksh6.2M. Co-op Bank moved 399,000 shares valued at Ksh5.6M and closed at Ksh14.05.
The Commercial & Services Sector had shares worth Ksh5.8M transacted and represented 1.68 percent of the day’s traded value. Nation Media Group stood at Ksh89.00, and moved 39,000 shares valued at Ksh3.2M.
The Energy & Petroleum Sector had shares worth Ksh14M transacted and represented 4.13 percent of the day’s traded value. Kenya Power & Lighting moved 1.6M shares worth Ksh10.4M at between Ksh6.40 and Ksh7.00.
The Investment Sector traded Ksh1.6M shares and represented 0.47 per cent of the day’s traded value. Centum went down by 2.17 per cent to Ksh33.75, and managed to move 38,000 shares worth Ksh1.2M.
The Manufacturing & Allied Sector had shares worth Ksh57M traded and accounted for 16.53 per cent of the day’s traded value. EA Breweries saw 194,000 shares worth Ksh45.8M changing hands at between Ksh234 and Ksh245. BAT recorded a 10 percent gain to close at Ksh824 with shares worth Ksh11M transacted.
The telecommunication sector saw Safaricom actively move 5.6M shares valued at Ksh108M at between Ksh19.15 and Ksh19.80.
Stocks to buy now
Kingdom Securities Ltd recommends buying the following stocks, which they see having growth potential for the short to medium term:
SAFARICOM (Ksh19.15): With revenues growing and M-Pesa’s entrenched, Safaricom’s shares are expected to keep gaining in value. Recently, Communication Authority report confirmed it as market leader with over 80 percent of the market.
EABL (Ksh234): The leading brewer, being market leader, has remained one of the value stocks at the NSE. Even increased taxation in the next fiscal year budget has not shaken its stock at the NSE
KENYA RE: While its full year net profit for 2016 dropped 7.5 per cent to Sh3.3 billion, it has strong fundamentals for growth.
TOTAL: The oil dealer’s 2016 net profit increased by 38% to Ksh2.25 Billion and it recently concluded acquisition of Gulf Africa Energy assets in the region, expanding its markets share and revenue streams.
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