Equities Turnover Decline by 7.03 Percent on Wednesday’s Trading

By Soko Directory Team / May 18, 2017


Equities turnover declined by 7.03 percent on Wednesday at the NSE from the previous day’s trading to 1.28 billion shillings with locals dominating the activity at 71.3 percent. The NASI closed lower at 137.12 being a drop by 0.40 percent while the NSE 20 held well above the 3000-mark.

KCB Group Ltd beat Safaricom Ltd to be the top mover on higher price (+0.7%). The latter counter was the second largest mover for the day, trading 237.61 million shillings on the lower price (1.2%).

Foreign activity reduced by 61.7 percent to a measly 28.73 percent from 75 percent recorded in the previous session. Safaricom captured 31.8 percent of foreign activity (highest), with investors showing major selling interest in the counter for the second session in a row. British American Tobacco Kenya Ltd logged the highest net foreign inflows of 22.34 million shillings while Bamburi Cement Ltd recorded the highest net foreign outflows in the session of 79.34 million shillings.

Liberty Kenya Holdings Ltd joined the gainers’ list with clients exuding bearish sentiments on the counter (+5.5% in the session).  Crown Berger Ltd. (NSE: BERG) shed 5.5 percent reversing gains made in the previous session where it was up 7.8 percent

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