Equities Headed South During Tuesday’s Session at NSE

By Juma Fred / October 11, 2017



stock-market-interbank-rate-nse-flame-tree-stock-safaricom-stock

Equities at Nairobi Securities Exchange reversed their gains from Monday’s performance to close the day on a downtrend in Tuesday’s session as depicted by the major indices on halved turnover.

Equity Group Holdings Plc accounted for 44.6 percent of the total market turnover, ranking as the day’s highest mover as locals moved to buy into the counter. The counter rallied 1.39 percent in the session.

Across trade on Cooperative Bank of Kenya Ltd got the counter log as the second highest traded share in the day albeit remaining unchanged in price from the previous session.

The top three movers accounted for 76.3 percent of the trades in Tuesday’s trading attracting local investors as foreign investors displayed bearish sentiment on the same.

Foreign investor activity declined to 49.2 percent of the Tuesday’s market turnover from 83.3 percent in the previous session.

There was sustained buying interest into Safaricom Plc which accounted for 90.5 percent of the foreign activity. Significant buying interest was also seen in BOC Kenya Ltd which recorded the highest foreign inflows followed by SCOM.

The foreign desk exited mainly from KCB Group Plc which has been the trend for the past four sessions. In overall, foreign investors exuded net buying activity in today’s session.

Bonds turnover further decreased in the session (-59.05 percent to 0.78 billion shillings) on 56 deals from 1.89 billion shillings traded on 67 deals previously.



About Juma Fred

Juma Fredrick is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. You can reach him on: (020) 528 0222 or Email: [email protected]

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