The market slopped downwards influenced by low foreign participation of 57% and foreigners being mainly net sellers. NSE 20 Share Index shed 0.19% to 3,122.51 points from 3,128.44 points with most companies trading at losing prices. However, NSE 25 Share price Index inched upwards by 7.54 points to settle at 3,481.32 points from 3,473.78 points. NASI followed the direction of the market losing 0.14% from 130.61 points to 130.43 points. FTSE 15 went up 0.59% to 162.39 points while FTSE 25 declined by 60.51% to stop at 64.77 points. Market Capitalization shrunk by 0.02% to stand at KES 1,893Bn from KES 1,893.44Bn.
Volumes and turnover dropped 57.60% and 64.90% respectively the market saw volumes of 10.81Mn from 26.63Mn worth KES 176.01Mn from KES 501.39Mn.
Company Reports
Kenya Orchards posted an 86% PAT decline from 28.91Mn to 3.76Mn. Revenue increased by 5% from 60.97Mn to 64.6Mn. The company declared a KES 55,000 dividend to preference shareholders only.
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