Kenyan Equities Market indicators dip since Supreme Court decision

By Soko Directory Team / September 5, 2017

The Kenyan equities’ market performance indicators continued to nose dive similar to Friday’s session with the NASI and NSE 20 down 1.6 percent and 2.07 percent (respectively) to close at 160.33 and 3806.8 points (correspondingly).

Turnover ticked up with foreign investors moving the market at 74 percent participation, higher from Friday’s 64 percent.

Major sell-offs were seen in Safaricom Ltd (NSE: SCOM), Equity Group Holdings Plc (NSE: EQTY) and Bamburi Cement Ltd (NSE: BAMB) which traded in blocks as has been the trend in the last three sessions.

Foreign investors were overall net sellers in the session (-22.86%) and the in the last twelve consecutive sessions.

Bond turnover halved to KES 0.89Bn on 69 deals compared to KES 2.03Bn on 15 deals previously.

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