Kenyan Shilling Steady On The Back Of Tight Liquidity

By / September 25, 2015



Kenyan-Shilling Turnover

The Kenyan Shilling (KES) remained relatively steady against the US Dollar (USD) during Thursday’s trading session, as importer demand for dollars was balanced with tight liquidity in the money market. Subsequently, the USDKES exchange rate closed at 105.56 (12:30pm GMT), marginally weaker by 0.03% relative to the previous day. On the other hand, the KES gained 0.05% to the Sterling Pound (GBP), but weakened by 0.22% against the Euro (EUR).

The single unit currency (EUR) pinned to gains against the USD today, having rallied after the head of the European Central Bank downplayed the need for further monetary stimulus any time soon. The local unit outperformed regional peers with the strongest gain posted against the Rand (ZAR). A weak outlook on South Africa’s economy weighed on the ZAR, as the Reserve Bank kept its benchmark repo rate unchanged, citing contractions in agriculture, mining and manufacturing.

Foreign Investor Participation

The foreign participation was little changed during Thursday’s trading session, accounting for 66.03% of total turnover against 33.97% of local participation. Buy side activities offset sell offs, resulting in net inflows worth KES 35.96Mn, relative to KES 39.62Mn the previous day.

Foreign investors accounted for 66.03% of the NSE turnover as compared to 62.02% on Wednesday.

Foreign investors engaged in net accumulative activities, resulting in net inflows worth KES 35.96Mn. Equity Holdings Limited (NSE: EQTY) was the day’s highest traded stock, recording a turnover of KES 102.54Mn to account for 33.51% of total market activity and 50.75% of foreign investor activity, followed by Kenya Commercial Bank Limited (NSE: KCB) with a turnover of KES 59.37Mn representing 19.40% of total market activity and 29.38% of foreign investor activity.

Safaricom Limited (NSE: SCOM) posted the day’s highest net inflows worth KES 11.45Mn and the day’s highest net outflows, worth KES 462,033 were posted by Kenya Airways Limited (NSE: KQ).





More Articles From This Author








Other Related Articles










SOKO DIRECTORY & FINANCIAL GUIDE

ARCHIVES

2019
  • January 2019 (256)
  • February 2019 (216)
  • March 2019 (285)
  • April 2019 (254)
  • May 2019 (272)
  • June 2019 (252)
  • July 2019 (340)
  • August 2019 (226)
  • 2018
  • January 2018 (291)
  • February 2018 (219)
  • March 2018 (278)
  • April 2018 (225)
  • May 2018 (238)
  • June 2018 (178)
  • July 2018 (257)
  • August 2018 (249)
  • September 2018 (256)
  • October 2018 (287)
  • November 2018 (284)
  • December 2018 (187)
  • 2017
  • January 2017 (183)
  • February 2017 (195)
  • March 2017 (207)
  • April 2017 (104)
  • May 2017 (169)
  • June 2017 (205)
  • July 2017 (190)
  • August 2017 (195)
  • September 2017 (186)
  • October 2017 (235)
  • November 2017 (253)
  • December 2017 (266)
  • 2016
  • January 2016 (165)
  • February 2016 (165)
  • March 2016 (190)
  • April 2016 (143)
  • May 2016 (246)
  • June 2016 (183)
  • July 2016 (271)
  • August 2016 (249)
  • September 2016 (234)
  • October 2016 (191)
  • November 2016 (243)
  • December 2016 (153)
  • 2015
  • January 2015 (1)
  • February 2015 (4)
  • March 2015 (166)
  • April 2015 (109)
  • May 2015 (117)
  • June 2015 (121)
  • July 2015 (150)
  • August 2015 (157)
  • September 2015 (189)
  • October 2015 (170)
  • November 2015 (174)
  • December 2015 (208)
  • 2014
  • March 2014 (2)
  • 2013
  • March 2013 (10)
  • June 2013 (1)
  • 2012
  • March 2012 (7)
  • April 2012 (15)
  • May 2012 (1)
  • July 2012 (1)
  • August 2012 (4)
  • October 2012 (2)
  • November 2012 (2)
  • December 2012 (1)
  • 2011
    2010
    2009
    2008
    2007
    2006
    2005
    2004
    2003
    2002
    2001
    2000
    1999
    1998
    1997
    1996
    1995
    1994
    1993
    1992
    1991
    1990
    1989
    1988
    1987
    1986
    1985
    1984
    1983
    1982
    1981
    1980
    1979
    1978
    1977
    1976
    1975
    1974
    1973
    1972
    1971
    1970
    1969
    1968
    1967
    1966
    1965
    1964
    1963
    1962
    1961
    1960
    1959
    1958
    1957
    1956
    1955
    1954
    1953
    1952
    1951
    1950