5th April 2017 NSE and TBill Market Performance

Top Gainers/Losers.

Top Gainers; Uchumi +8%( 2.70); Liberty +5.31 (11.90); NIC +4.46 (29.25)
Top Loser; Unga -10% (27.00); E.A.Cables -8.80% (5.70); TCL -6.15% (6.10)

Top Movers

Safaricom - 173.4 MnKsh
KCB - 59.23 MnKsh
Equity - 48.14 MnKsh

NSE Summary Performance

There was an increase in market performance across the indices. NSE 20 Share Index stood at 3,101.12 points gaining by 0.14%. Its counterparts NSE 25 Share Index and NASI grew by 0.21% and 0.10% to settle at 3,489.87 and 131.32 points respectively. Market Capitalization on the other hand gained ground after yesterday’s slide rising by 0.10% to KES 1,906.08Bn.

Market Turnover and volumes deteriorated driven by a decrease in foreign activity to 70%. Turnover declined by 47% to KES 339.76Mn while volumes stood at 17.32Mn a 47.50% decrease from the previous trading session. This was as a result of reduced trading activity in active counters like Safaricom.

Nation Media Group Results

The Group registered an 8.2% decline in turnover to KES 11.3Bn in FY-2016. This was attributed to a drop in advertising volumes. Closure costs on the non-performing businesses and staff reorganization affected PAT to a 24% decline to stand at KES 1.69Bn from KES 2.22Bn. The firm incurred an income tax expense of KES 771.1Mn as compared to KES 600.5Mn in the prior year. The 28.4% increase, was as a result of tax benefited in 2015 from a one-off investment deduction allowance from the new printing press installation. The company declared dividend of KES 10.00.The profit decline lead to a lost 3.16%in share price to KES 92.00 from KES 95.00 with 0.01Mn shares exchanging.

Insurance Sector Performing Driven by Liberty Kenya 5.31% Price Growth

Insurance sector index inched up by 1.53% with Liberty Kenya Holdings emerging among the top gainers of the day. The Insurer closed at KES 11.90 increasing its market value by 5.31%.

Bond Market

The bond market saw a 36.97% increase in bond turnover from KES 1.84Bn to KES 2.57Bn despite a decline in deals from 24 to 21 deals.

Treasury Bill Rates

The 91-Day T-Bill rate 8.756%
The 365-Day T-Bill rate 10.919%