Safaricom Top Mover at the Bourse on Wednesday’s Session

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The NSE trended 0.23 percent higher on Wednesday’s trading to perch at 133.81 even as the turnover at the bourse retreated by 15.1 percent to 718.6 million shillings.

Safaricom Limited was the top mover of the day on Wednesday exuding major interest on the buy-side followed by Stanbic Bank Limited which moved by 2.98 million shares though the price remained the same. Stanbic has been rocking the bourse as the top mover for four consecutive trading sessions with foreign investors holding on the buy end.

Barclays Bank of Kenya Limited was among the top gainers of the day during the Wednesday’s trading session moving over 645,000 shares. Sanlam Kenya and Liberty Kenya Holdings, on the other hand, were among the top losers of the day going down by 10.0 and 7.0 percent respectively.

The total foreign participation was at 62.83 percent, down from 23.3 percent from the previous trading. Safaricom Limited accounted for 42.3 percent of the foreign participation on Wednesday. Stanbic Bank Limited logged the highest foreign inflows worth 71.6 million shillings while the East African Breweries Limited recorded the highest net foreign outflows of 12.6 million shillings.

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