Equities Post Mixed Performance on Day One of the Week

By Juma Fred / October 10, 2017

Equities’ performance opened the week on mixed performance with the All-Share Index up 0.20 percent on higher turnover from the previous session.

On the top traded counters, Safaricom Ltd was the highest traded, accounting for 48.4 percent of total turnover, closing 1.01 percent higher at price. The top five traded stocks exuded bearish sentiment. Speculative counters dominated the day’s gainers’ and losers’ lists in the session.

Foreign investor activity increased to 83.3 percent of the Monday’s market turnover in the session with the main focus aimed at a few counters; Safaricom Plc, East Africa Breweries Ltd, British American Tobacco Kenya Ltd, and Equity Group Holdings Plc.

The counters were the top foreign traded counters which collectively accounted for 90.9 percent of the foreign activity. Bullish activity was heavy on EABL, BAT, Stanbic Bank Plc and SCOM. Sell-offs were mostly on KCB Group Plc, ARM Cement Plc and Barclays Bank of Kenya Plc. The desk exuded net selling activity in today’s session.

Bonds turnover decreased 10.42 percent 1.89 billion shillings on 67 deals from 2.1 billion shillings traded on 59 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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