Sasini Limited was the best performing share as the market came to a close today. Sasini ended the day at KES 17.00 having gained 5.26% (KES 0.85) in its share price.

British-American Tobacco Kenya Limited took the lead as the worst performer in the exchange. The counter registered a drop of 6.98% to end the day at KES 720.00. This is a KES 54.00 loss per share.

A drop in BAT’s share price comes shortly after news that harsh laws could choke cigarette firms. An increasingly stringent regulatory environment on tobacco in Kenya poses a major risk to the future of British American Tobacco (BAT), whose earnings are expected to slow down starting this financial year. BAT is expected to be a major casualty both from a revenue point of view and from its performance on the stock market.

Read full story at https://abacus.co.ke/live/company/BAT/news

Safaricom Limited was the most traded share in the exchange today. It traded 7,844,400 shares which was 46.3% of all trades in the market.

The winners:

The other top gainers were: Transcentury Limited (TCL), Olympia Capital Holdings Limited (OCH), Eveready East Africa Limited (EVRD) and CIC Insurance Limited (CIC). Each closed at KES 14.00, 5.15, 4.30 and 9.20 respectively.

The losers:

The counters that shed the most value were: British-American Tobacco Kenya Limited (BAT), Pan Africa Insurance Company Limited (PAFR), Sameer Africa Limited (FIRE), Total Kenya Limited (TOTL) and Athi-River Mining Limited (ARM). They ended the day at KES 720.00, 85.00, 4.90, 22.75 and 74.00 respectively.

Most shares traded:

These were: Safaricom Limited (SCOM), Diamond Trust Bank Kenya Limited (DTK), Equity Bank Limited (EQTY), Mumias Sugar Company Limited (MSC) and The Co-operative Bank of Kenya Limited (COOP).

Indices

Both the NSE All-Share Index and the NSE 20 Share Index depreciated today. They dropped by -0.25 (-0.15%)and -48.39 (-0.97%)respectively.