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Daily Market Commentary – 27/02/2019

Faida Research - February 27, 2019 - 0 comments

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Market turnover increased today, buoyed by trades of BAT which covered about 26.51% of the market turnover. The All share index and the NSE 20 share indices shed 0.64 and 14.91 points to close at 154.59 and 2932.40 respectively.

The bond market increased activity today gaining about 30% rise in activity as compared to yesterday. This might also be as a result of an increased awareness in fixed income securities on re-opening of the M-Akiba retail bond yesterday.

East African Portland Cement Plc released their results this morning before market opened. The company reported an after tax loss of KES 1.3 billion for 1H2019, an increase of 30.7% y/y 1H2018( KES 1.0 billion loss).

The Shilling remained relatively stable against the dollar today.

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