Abacus Wealth Management

Closing Bell: Portland Cement Rises While Pan African Insurance Plummets

East African Portland Cement Company was the top gainer at the Nairobi Securities Exchange (NSE). The counter registered a gain of 9.26% to end the day at KES 59.00. This was a KES 5.00 gain in share price.

East African Portland Cement’s gain comes a few days after it swung to a first-half loss due to a maintenance shutdown of its packaging and clinker units. The Kenyan firm had hoped that it would recover its market share after repairs and by its performance today it is well on its way to doing that.

Pan African Insurance Company Limited closed the day as the worst performing share registering a staggering drop of 29.60%. The counter closed with a share price of KES 88.00 which was a KES 37.00 drop in share price.

The Cooperative Bank of Kenya Limited was the most traded share in the exchange today after its recent 2014 Q1 Results. It traded 14,540,600 shares which was 40.8% of all trades in the market.

 

The winners:

The other top gainers were: Uchumi Supermarkets Limited (UCHM), Sameer Africa Limited (FIRE), Eveready East Africa Limited (EVRD) and Crown Paints Kenya Limited (BERG). Each closed at KES 11.50, 5.60, 4.10 and 170.00 respectively.

GAINERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
PORT 59.00 +9.26 +5.00
UCHM 11.50 +9.00 +0.95
FIRE 5.60 +8.74 +0.45
EVRD 4.10 +6.49 +0.25
BERG 170.00 +5.59 +9.00

 

The losers:

The counters that shed the most value were: Pan Africa Insurance Company Limited (PAFR), Kapchorua Tea Company Limited (KAPC), Sasini Limited (SASN), NIC Bank Limited (NIC) and Home Africa Limited (HAFR). They ended the day at KES 88.00, 115.00, 15.50, 56.50 and 3.00 respectively.

LOSERS PRICE(KSH) CHANGE(%) PRICE CHANGE (KSH)
PAFR 88.00 -29.60 -37.00
KAPC 115.00 -8.00 -10.00
SASN 15.50 -3.73 -0.20
NIC 56.50 -3.42 -2.00
HAFR 3.00 -3.23 -0.10

 

Most shares traded:

These were: The Cooperative Bank of Kenya Limited (COOP), Kenya Commercial Bank Limited (KCB), Safaricom Limited (SCOM), KenolKobil Limited (KENO) and Uchumi Supermarkets Limited (UCHM).

MOVERS VOLUME % OF SHARES ALL TRADED
COOP 14,540,600 40.8
KCB 9,637,500 27.0
SCOM 4,220,100 11.8
KENO 1,094,000 3.1
UCHM 889,500 2.5

 

Indices

The NSE All-Share Index appreciated while the NSE 20 Share Index depreciated today. They rose by 0.55 (0.33%) and dropped by -0.77 (-0.02%) respectively.

INDICES
NSE ALL SHARE INDEX 167.82
NSE 20 SHARE INDEX 4,979.71
FTSE NSE Kenya 15 Index 220.64
FTSE NSE Kenya 25 Index 220.16

 

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