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Normal Board - The Whole shebang
Prompt Board Next day settlement
Expert Board All you need re an Individual stock.
The Latest Daily PodCast can be found here
Mindspeak 29th May 0930 am for 10 am Start
Westgate Cinema 1
Guest Speaker Sicily Kariuki MD The Tea Board
Risk Basket comes back some.
I still believe there is a Major Leg Lower in the Euro.
P.39 Reminiscences of a Stock Market Operator P.39
We ran into the big boom of 1901 and I made a great deal of Money-
that is, for a Boy. You remember those times? The Prosperity of the
Country was unprecedented. We not only ran into an era of Industrial
Consolidations and combinations of Capital that beat anything we had
had up to that time, but the Public went stock mad. In previous flush
times, I have heard, Wall Street used to brag of 250,000 share
Thats where Africa can run into if we all let it.
Rescuing the rescuers The Economist
World Of Finance
May has seen the re-emergence of a number of worries that had been
beneath the surface. The latest is geopolitical risk, in the specific
form of rising tension in the Korean peninsula. Reports that Kim Jong
Il, the North Korean dictator, had placed his forces on a war footing
caused Asian markets to fall sharply on May 25th.
However, investors’ biggest financial concern is sovereign debt,
notably that of some southern European countries. In recent weeks the
European Union has been forced both to rescue Greece and to unveil a
general bail-out package, worth up to €750 billion ($920 billion)
including a contribution from the IMF, for struggling countries.
Investors seem to be in two minds on sovereign debt.
All this has led to a sell-off of the “risk basket”—those assets that
seem most correlated with global growth, such as the Australian
dollar, copper and emerging-market equities (see chart 1). Oil has
been another casualty, with crude prices falling by around 20% in May
alone. This week the price of a barrel slid below $70. Investors have
headed away from risk, flocking into the bonds of what they deem the
safest governments: German ten-year bond yields fell to 2.58% on May
25th, the lowest in recent memory, while the yields on ten-year
American Treasury bonds dropped to close to 3%.
Wolfgang Schäuble, Germany’s finance minister, quipped: “If you want
to drain a swamp, you don’t ask the frogs for an objective
Although falling stockmarkets may capture most headlines, a less
obvious alarm signal is probably more unsettling. This is the sharp
rise in the rate at which banks borrow and lend to each other, known
as LIBOR (London Interbank Offered Rate). On May 26th three-month
dollar LIBOR was 0.54%, its highest since last July (see chart 2
below). Although this is still a long way below the near-5% reached in
2008, the trend is worrying. It indicates that the health of the
banking system is once more being called into question.
Markets are thus trying to make sense of a world in which political
and regulatory risks are balanced by strong profits growth and low
interest rates. No wonder they have been volatile. That is also the
picture that emerges from the VIX, a measure of volatility that shows
how much investors are prepared to pay to insure themselves against
extreme market outcomes. After a long period of calm, the VIX has
soared again (see chart 4 above). Investors are clearly expecting a
An Excellent Analysis.
Currency Markets at a Glance WSJ
Euro 1.2297 was at 1.2362 yesterday
Dollar Index 86.60
South Korean Won 1198.00
The euro rose to $1.2356, up from $1.2197 in late North American
trade Wednesday. Its passage of $1.23 tripped some orders to buy back
the euro, according to Action Economics.
The shared currency touched a four-year low near $1.2144 on May 19.
The Chinese soothed Nerves yesterday. Risk Currencies have come back a
Celebrity philanthropy Making one key-stroke too many Wyclef Jean
"THEY took away my Twitter,” moans Wyclef Jean, only half-joking. If
anybody thought it was easy to mix success as an entertainer with a
saintly image, his recent story is a cautionary tale. “They” refers to
an army of PR and marketing professionals hired to restore the
Haitian-born musician’s reputation after questions were asked about
the management of his charitable foundation, Yéle Haiti. And “their”
wish to silence him seems understandable. Shortly after he started
raising money for victims of the Haiti earthquake in January, a
website called Smoking Gun published tax returns from the foundation
(three years’ worth were filed on one day last August), showing
payments to businesses owned by Wyclef and his partners. After a
tearful statement in which he admitted “mistakes” but denied
misappropriating funds, he unleashed a barrage of tweets. One said:
“My Garage could fit half of the people on twitter why would I steal
And in April, after a surge of gossip about his relationship with the
foundation’s vice-president, Zakiya Khatou-Chevassus, he tweeted:
“Donkeys spread rumours about me I don’t respond cause I’m the master
that leads them to the well to drink the water.” Now, says one of his
new advisers, “Wyclef is only allowed to tweet under supervision.”
Afternoon tea at the Langham Hotel in London Bloomberg
Food, Climate & Agriculture
The hotel is serving the meal at prices from the year 1865 for one
day, on June 10, 2010. Source: Bacchus PR via Bloomberg
The Langham is offering afternoon tea at 1865 prices -- the equivalent
of seven pence (roughly one shilling six pence or 10 U.S. cents) -- on
June 10 to mark the 145th anniversary of the first such service at the
London hotel. The Wonderland Afternoon Tea, which features finger
sandwiches, scones and French pastries, normally costs 35 pounds
($50). It recently won the Tea Guild’s Top London Afternoon Tea 2010
award. Bookings open on June 1 (tel. +44-20-7965-0195) and a minimum
of 60 teas will be available.
Margot Fonteyn’s merry dance through the farce of a failed coup d’état Times
The great British ballerina Margot Fonteyn was also a revolutionary,
involved “up to her neck” in a 1959 plot to overthrow the Government
of Panama with the support of Fidel Castro
The BBC has an outstanding Documentary of Margot Fonteyn. If You ever
get the chance to see it, You should. Over the one Hour, You see her
love for Roberto Arias. She cannot find him, he is rather dissolute.
It was brutal. She would be about to Dance, no sign of him. And Then
he is crippled and totally reliant on her. Its quite extraordinary.
Korea Won Surges Bloomberg
South Korea’s won strengthened, headed for its biggest two-day advance
in a year, as China’s commitment to invest in euro-region assets
allayed concern Europe’s debt crisis will worsen.The currency slumped
to a 10-month low this week as speculation the crisis will derail a
global economic recovery and mounting tension with North Korea over
the sinking of one of the South’s warships prompted investors to shun
emerging-market assets in favor of holding dollars. Foreigners today
added to their holdings of Korean shares for the first time in 10 days
after a central bank report showed manufacturers’ confidence stayed
near a seven-year high.
“We are in risk-on mode,” said Seunghyup Yang, a foreign- exchange
trader at Societe Generale SA in Seoul. “We cannot rule out
intervention when the won touches the 1,190 level.”
The won rose 1.9 percent to 1,201.80 as of 9:50 a.m. in Seoul, after
yesterday jumping 2.3 percent, according to data compiled by
Bloomberg. It’s still lost 7.8 percent this month, Asia’s worst
performance. The government will take action to combat “herd behavior”
in the currency market, Deputy Finance Minister Kang Ho-In said today.
The Kospi stock index advanced 0.6 percent, headed for its best close
in more than a week.
South Korean Won versus The Dollar INO 3 Month Chart
Congo Republic’s Economy to Expand 13.4%, Fastest in Africa Bloomberg
The Republic of Congo’s economy will probably expand 13.4 percent this
year, the fastest growth in Africa, boosted by oil, Finance Minister
Gilbert Ondongo said.Non-oil industries in the Central African nation
will probably expand 7 percent, Ondongo said in an interview today in
Abidjan, the commercial capital of Ivory Coast, where he is attending
the African Development Bank’s annual meeting
Congo, which earns more than half its income from oil, won approval
this year for debt cancellation of $1.9 billion, including $255
million from the International Monetary Fund and World Bank. The
country is also benefiting as oil production climbs 24 percent to
126.7 million barrels per day, according to the African Development
“We have the best growth forecasts in Africa,” Ondongo said. “The main
driver for this growth will be the petroleum industry.”
The IMF is forecasting economic growth of 12.1 percent this year for
the country, up from 7.6 percent in 2009.
Congo Republic, which has a population of 3.6 million, is part of the
Central African Economic and Monetary Union, which includes Cameroon,
Central African Republic, Chad, Gabon and Equatorial Guinea. The
currency, the Central African Franc, is pegged to the euro.Ondongo
said while the government is concerned by the recent depreciation in
the euro, it may help to boost earnings from oil and makes its export
industries more competitive.
“What’s happening now improves our competitiveness,” Ondongo said. “We
can export at relatively lower prices.”
Africa Dispatch: Somalia's Money Men WSJ
At this swanky conference on Somalia over the weekend, the most
important guests didn't hold lofty posts. At least one lacked a
college degree. But they represent some of the most powerful—and
moneyed—players in Somalia: its business leaders.
The United Nations hosted the Conference on Somalia, and it was
predictably high-class. Participants gathered in marbled five-star
hotels scattered across the city, all with breathtaking views of the
Bosphorus, the strait that divides Asia and Europe. They chatted about
Somalia's problems over hot and cold Turkish dishes and at least a
half-dozen types of dessert.
The nearly 60 suit-clad business executives that showed are a
tight-knit group formed amid Somalia's conflict. Their attendance
underscored how robust Somalia's private sector has become, and the
special role they play in nudging the war-wracked country closer to
stability. These are the quintessential entrepreneurs. They have
survived Somalia's violence and often thrived in its free-for-all
market. Somalia has no taxes, no regulation and clan governance. In
that environment, businesses have stepped in to sustain Somalis' way
of life, offering mobile phone service, money-transfer operations and
banking. Several have reaped remarkable profits.
"Government?" one asked. "What government?"
"We've lived 20 years without a government," said Omar Jama Hashi, a
member of the Somali International Chamber of Commerce and Industry.
"We can survive another 20 more."
The Interesting Point [in what Sarah, was a beautiful piece of writing
- stuffing themselves with Desserts - That was priceless - I trust you
are well?] is how Entrepreneurship has sprouted in such an
inhospitable Place. In this Regard, the Mobile Phone, a relatively
recent Phenomenon, has been the Silver Bullet. There is a Bottoms Up
Entrepreneuralism at work across the Continent and in so many ways,
the Government is an irrelevance, the Issue of Security aside.
Aid to Africa Failing to deliver The Economist
The importance of foreign aid from the West may be exaggerated. China
and other big emerging economies are pumping in aid, though it is hard
to measure the actual amounts because they tend not to be documented
in detail. The terms on which African countries let China and other
newcomers tap their mineral riches, as they have begun to do, and how
they use their share of the proceeds, will become increasingly
Oxford University’s Paul Collier reckons this will affect the
continent’s economic prospects a lot more than Western aid. Western
countries could, he says, help African governments make the most of
the emerging world’s hunger for natural resources. But rich-country
governments need to regain their flagging moral authority. “It is
difficult for Western countries to have any credibility with African
governments,” argues Mr Collier, “if they promise one thing and do
$31.3b is hardly the Number it once was compared for example to China
Africa Trade Curve in excess of $100b and the numbers are the Finger
Print Evidence of New Players and the Diminishing Influence of those
who once considered Africa their BackYard of sorts.Aid is now dwarfed
by Remittances and I believe that Africa very much has the wherewithal
to master its own Destiny.
Senegal Dollar-Bond Yield at 2 1/2-Month High on S&P Outlook Bloomberg
World Of Finance
Senegal’s dollar-denominated bond fell, raising its yield to a 2
1/2-month high, after Standard & Poor’s Ratings Services lowered the
outlook on the West African country’s debt rating to “negative” from
“stable.”The 8.75 percent securities due December 2014 were offered at
yields of as high as 9.79 percent as of 11:55 a.m. in London, the
highest since March 12 and 70 basis points above yesterday’s close,
according to Bloomberg data. The price of the bonds fell as low as
$96.25, from a close of $98.75 yesterday.
“This is an early shot across the bow just to remind the Senegalese
authorities that they’ll need some sort of fiscal correction to
prevent the debt situation from getting out of hand,” Stuart
Culverhouse, chief economist at Exotix Ltd., said in a telephone
interview from London. “To me this is a little bit of a surprise.”
Senegal’s government debt is expected to rise to 40 percent of gross
domestic product by 2010, compared with 21 percent of GDP in 2006, S&P
said in a statement today. S&P also expects economic growth in the
country to “remain lackluster” with a 3 percent expansion forecast for
this year, compared with 3.5 percent predicted by the International
Monetary Fund yesterday.The former French colony with a $13.6 billion
economy began offering $200 million of bonds in December last year in
its first international debt sale to finance road building. S&P
maintained its B+ rating on Senegal’s bond, leaving it at four levels
below investment grade, according to today’s statement.
The average yield on international bonds with a similar maturity and
rating was 6.26 percent, or 353 basis points below the yield offered
by Senegal’s bonds today, according to Bloomberg data.
Africa's Local Champions Begin to Spread Out WSJ
Retail & Manufacturing
Foreign consumer-goods companies including Coca-Cola Co., Nestlé SA
and Unilever PLC have been in Africa for decades without much
competition from local players. Now, home-grown companies are
expanding aggressively across the continent, eager to accommodate a
growing middle-class among the billion-person population.Among the
most prominent of these consumer upstarts: African retailers such as
Nakumatt Holdings Ltd. of Kenya, the top supermarket chain in East
Africa, MTN Group Ltd., Africa's largest cellphone provider, and South
African restaurant chain Spur Corp. Nakumatt has expanded into three
neighboring countries while 348-restaurant chain Spur has opened in
seven other African countries.
Nakumatt chose to emulate an American icon: Kmart. On a visit to
Florida in the 1980s, founder Atul Shah, a former mattress salesman,
wandered into a Kmart and marveled at its cleanliness. He was so
impressed at how the store sold food, household goods and furniture
under one roof that he hung out there for hours a day for eight
months. He became such a fixture that customers asked him for
assistance. "Everybody was happy to be assisted by me," said Mr. Shah.
When Mr. Shah returned to Kenya, he opened Mega, a small shop that
offered food and some household wares. The shop was clean and had wide
aisles for easy browsing, unlike the cramped stores that populated his
home country. Each year he added a few more product lines, including
Mr. Shah is Africa's Sam Walton, who drew early inspiration for his
Wal-Mart Stores Inc. from Kmart. Mr. Shah is furiously expanding
Nakumatt—opening five new stores in just the last three months—where
it today is the dominant supermarket in Kenya. Its 24 stores appeal to
a middle-class that wants Kenyan-made products as well as imports from
Europe, the U.S. and Asia. Revenue last year was about $350 million,
up 76% from 2006, the company said.
Aiding Nakumatt and others' cross-border expansion is an African gross
domestic product expected to grow 4.3% this year from just under $1.5
trillion in 2009, according to the International Monetary Fund, a clip
that trails only China and India among the world's massive emerging
markets. The growing investment and trade, from African companies in
African countries, has helped cushion the continent from the shocks of
the global economic crisis.
Another local champion tapping Africa's youth market is South African
media group Strika Communications, a private company that produces
comic book SupaStrikas, about a fictional soccer team. It has grown in
circulation from under 50,000 as a local newspaper insert to now
selling more than two million copies a month in 21 countries, mainly
due to advertisements placed inside the comic panels from African and
Excellent Piece. There is self sustaining Momentum in Africa that was
briefly derailed post Lehman but now again is back on track. Sure the
Commodity Angle is important and a rising Tide especially since China
and India started to muscle in on the action and put some Spine into
the Demand side of the Equation. But More Interesting than what is in
the ground, are the 1b Souls who walk upon it and the Entry Ticket for
these Folks to the c21st has the been that Silver Bullet the Mobile
Phone. Its very late Cycle and a recent Phenomena but it has triggered
a One Off Convergence which has already begun to inflect.
Kenya c.bank worried about growth, not inflation Reuters
"There is no threat of inflation, but we'd like to strengthen fragile
growth, through measures that will be announced in the (government)
budget in the two weeks," he said.
He said he thought lending rates were "stabilising at a lower level"
and that would start to feed through to household borrowing and
investment soon. He declined to say whether more cuts were on the
"We have set the rate at 6.75 percent and we want to wait and see how
the market consolidates those gains," Ndung'u said.
Ndung'u said he was concerned about the volatility of the Kenya
shilling as a result of Europe's debt crises. The shilling fell to a
13-month low against the dollar as it broke through 80.00 on May 25,
before recouping some losses.
"Our domestic currency is becoming extremely unstable," he said, but
he added: "our policy on the shilling is that it's free floating."
Second TPS tranche raises Sh200 million as group eyes expansion Business Daily
N.S.E Equities - Commercial & Services
Tourism Promotion Services (Kenya) expansion drive has received a
boost after it raised Sh200 million in the second tranche of a Sh1
billion private note programme which was oversubscribed by 226 per
cent.According to Dry Associates Investment Bank, which was the
arranger and placement agent, the issue received applications to the
tune of Sh651 million.Investors in the notes, guaranteed by TPS (EA),
will receive a 10 per cent fixed coupon annually for five years, said
Mr Jim Dry, the managing director of Dry Associates Investment
Bank.The investors will be earning a significant premium of 305 basis
points (3.05 percentage points) above the coupon of the latest
five-year Treasury bond.
The same T-bond traded at a high of 6.58 per cent in yield at the
Nairobi Stock Exchange on May 26, indicating the high demand for the
five-year bonds with day’s traded value of over Sh700 million.
In a statement, Mr Dry said the proceeds of the issue would be used to
fund long-term projects, including construction of tented camps and
refurbishment of the Nairobi Serena Hotel.
The first tranche of the Sh1 billion private note programme raised
Sh200 million in December, 2009.
It carried a fixed coupon of 12 per cent— reflecting the higher
interest rate environment of the time. There is a balance of Sh600
million still to be raised.
Good Value Proposition.
How Safaricom bounty will be shared Nation
N.S.E Equities - Commercial & Services
The mobile phone services giant declared a dividend of 20 cents per
share on Wednesday after announcing a profit of Sh20.9 billion before
taxation for the full-year ended March 31, 2010. According to latest
figures from Safaricom, the company now has 753,608 local retail
investors who own 3,437,650,680 shares that will earn them Sh687.5
million in dividend if they hold on till it’s paid.
Some 24,021 local corporates, including Vodafone Kenya, control
34,315,985,679 shares worth Sh6.9 billion in dividend.Foreign
investors, both individual and corporate, will pocket a combined Sh450
France Telecom targets fibre network in assets claim talks Business Daily
Information & Communication Technology
France Telecom has raised the stakes in its bid to recover assets it
says went missing after it took over Telkom Kenya with a demand that
the government – its partner in the company – cedes its interest in
the national optic fibre backbone to pay for the loss.The French firm,
which bought a controlling stake in national telecom operator Telkom
Kenya, is said to have made the demand during last week’s shareholder
meeting called to discuss the missing assets, debts and fresh
investments into the business.The meeting was convened a week after
our sister publication, the East African reported that France Telecom
had tabled before the government a $385 million bill in lieu of assets
that were in Telkom Kenya’s books at the time it was up for sale but
cannot be traced.The National Optic Fibre Backbone Initiative (NOFBI)
is a $60 million (Sh4.4 billion) government-owned terrestrial fibre
network, whose construction was financed by the Communications
Commission of Kenya but is being managed on its behalf by Telkom
Information permanent secretary Bitange Ndemo said the government
could not even discuss the matter because NOFBI was not part of
“NOFBI is a national highway that cannot be ceded to an individual or
company,” he said.
The NSE20 rebounded 17.17 points to close at 4221.11.
The NASI bounced a more vigorous 1.16 points to close at 91.86.
Drawdowns have been shallow and shortlived and we have just completed
one. We remain in a Bull Channel and I expect New 2010 Highs over the
Market Cap was 1.070875 Trillion versus 1.057400 Trillion.
Equity Turnover was 782.89m versus 728.712m and this has been a very
heavy Action week.
N.S.E Equities - Agricultural
Kakuzi bounced 4 shillings to close at 72.50 and traded 800 shares.
Rea Vipingo traded 4,200 shares and closed at 16.80.
Sasini closed at 13.05 and traded 14,700 shares.
N.S.E Equities - Commercial & Services
shares volume 10.858m
avg price 5.52 Closing Price 5.50 +3.7356%
high price 5.65
low price 5.30
last price 5.60
Safaricom found its feet after a completely unwarranted Sell off after
what were stellar results. Counterintuitively, the underlying strength
of Safaricom and the Bourse as a whole is confirmed by the fact that
more than 200m+ shares were traded in the space of 48 hours. I believe
we sit in front of a string of Upgrades from Johannesburg to London
and that the price will rally through 12 month highs of 6.10 over the
next few weeks. Note the low volume today compared to previous
sessions and I think Weak Longs have gotten flushed out now. Safaricom
was trading 5.60 +5.66% into the Finish. Demand was ouweighing Supply
by a Factor of 20-1.5 at the Close.
Kenya Airways bounced 4.76% to close at 55.00 and traded 143,100 shares.
Access Kenya bounced 1.491% to close at 17.05 and traded 17,800 shares.
Nation traded 12,000 shares and closed a shilling better at 140.00.
Standard traded 7,200 shares and has closed at 40.75.
Scangroup traded 36,500 shares and has closed at 32.25.
TPS Serena traded 11,400 shares and closed at 61.00.
CMC Holdings traded 79,200 shares and closed 1.509% softer at 13.05.
CARGEN did not trade.
N.S.E Equities - Finance & Investment
Diamond Trust was the most active Counter at the Bourse and Eric at
Bloomberg tells me it traded 20,000% of its daily average volume
today. Diamond Trust traded 6.0006m shares some 3.6805% of its shares
worth 533.988m which was 68.736% of the Total Volume.Diamond Trust
shares are very tightly held and this is therefore an interesting
transaction from many Angles. Diamond trust closed 9.2% firmer at
89.00 and trades on Trailing PE of 11.6 and accelerated its 1st
Quarter in excess of 20%. It has a Regional FootPrint and is well
organised.The History of Diamond Trust is also quite interesting as
well. The Aga Khan's Grand Father was weighed in Diamonds on his
Diamond Jubilee and Diamond Trust was one of the Enterprises set up
with those Diamonds.
Equity Bank was the 2nd most active Counter. Equity Bank firmed 1.19%
to close at 21.25 and traded a 20.50-22.50 range and 3.188m shares
worth 67.785m. Equity Bank saw some aggressive Profit taking after
rally 30% in 6 sessions and being named the Best Performer in Africa
last week. This Profit taking is now complete and I expect a move to
24.00 [2010 closing Highs] and then 27.00. The Bank is on the Front
Foot and Investors will continue to price a Growth Premium back in.
Standard Chartered firmed 0.45% to close at 225.00 and traded a 227.00
session high and 39,400 shares. Standard Chartered is now trading near
enough 3 and half year Highs.
COOP Bank rose 0.8% to close at 12.55 and traded a session high of
12.80. COOP Has closed at a new all time High and the Price action one
of the most Bullish Chart Formations at the Bourse. COOP Bank traded
415,900 shares and had demand for over a 1m.
Barclays Bank firmed 0.85% to close at 59.00 and traded a 59.00-59.05
range and 121,600 shares.
KCB was unchanged at 20.75 and trades on 10 Handle PE. KCB traded
CFC Stanbic retreated 2.88% to close at 67.50 and traded a 65.50-70.00
range and 32,400 shares. It has rallied 60.71% since it announced its
Full Year Numbers.
HFCK eased back 2.38% to close at 20.50 and traded 43,000 shares.
NBK firmed 2.52% to close at 40.75 and traded 49,800 shares.
NIC was unchanged at 36.50 and traded 27,300 shares.
Kenya Re shaved off 5 cents to close at 11.95 and traded 301,300 shares.
Jubilee firmed a shilling to close at 171.00 and traded 3,000 shares.
PanAfric traded 23,500 shares all at 60.00 and unchanged.
Centum improved 1.112% to close at 18.20 and was trading at 18.90
+5.00% into the close. Centum traded 61,800 shares.
Olympia Capital closed at 8.30.
N.S.E Equities - Industrial & Allied
EABL was unchanged at 176.00 and traded a 176.00-180.00 range and
119,100 shares worth 21.022m. EABL trades on a PE just shy of 20.00
and continues to have a Demand versus Supply Disequilibrium. Chart
objective is 200.00, in fact.
Mumias Sugar rallied back 2.45% to close at 12.50 and was trading
session highs of 12.95 +6.15% into the close. Mumias Sugar traded
946,600 shares and the Overhang has been cleared.
Kenolkobil rebounded 1.53% to close at 99.50 and traded a 99.00-101.00
range and 140,200 shares worth 14.009m. The Buying gets quite
forthright below 100.00 as witnessed today and previously.
Total was unchanged at 29.25 and traded a 28.00-30.00 range and 141,700 shares.
Kengen firmed 0.595% to close at 16.90 and closed the session trading
17.00. 334,700 shares were traded.
KPLC rallied 2.048% to close at 199.00 and traded 14,800 shares.
Cables closed lower at 19.25 and traded 14,400 shares.
Bamburi traded 13,500 shares at an unchanged 200.00.
ARM eased 1.54% to close at 128.00 on low volume of 7,500 shares. ARM
is 3.03% off its all time closing High of 132.00.
Portland traded 1,600 shares at 115.00 +1.77%.
BAT did not trade.
BOC Kenya closed 1.5% firmer at 135.00.
Carbacid traded 2,500 shares and closed unchanged at 156.00.
Crown Berger traded 1,100 shares at 34.00 -0.73%.
Eveready closed 2.3% lower at 4.25 and traded 15,800 shares.
Sameer closed lower at 8.15 and traded 179,200 shares.
Unga closed at 11.60 and traded 2,000 shares.