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Decent enough start to the week with value traded amounting to $3.94m while the market managed to close in positive territory with the NSE 20 Index gaining 0.34% to close at 3,546.66. EABL was once again the market leader in terms of volume with a total of 860k shares changing hands in the name thanks to a few crosses in the counter. KNCB was relatively active after reporting Q1 2012 results last week with a total of 1.34m shares traded. Kenya’s trade deficit widened 24% in February as costs of imported food, machinery and transport equipment rose, the statistics agency said. Foreigners were net sellers accounting for $2.84m of total sales while they accounted for $2.66m of total purchases.
Extremely active day today ahead of the May 1st holiday with value traded amounting to a rather impressive 39.40m. Nigerian Breweries led from the front with a total of 13.57m shares changing hands in the name thanks to a number of large crosses, the counter closed flat at 110.10. Guaranty Bank and Zenith Bank were yet again amongst the biggest contributors towards value traded with a total of 67.9m and 63.21m shares traded in the names respectively thanks to a number of large crosses in each of the counters. There was a raft of Q1 2012 earnings out today. ETI announced profit after tax of -9.74%, the name closed the day 0.88% lower at 11.70. Nestle reported rather impressive profit after tax with an increase of 140.10%. FCMB reported very solid figures with profit after tax increasing by 153.65%, the name closed limit up at 5.49. Access Bank released rather disappointing figures with profit after tax falling 20.78%.