The Kenyan Shilling (KES) recorded marginal movement against international peers during an easy trading day following the Christmas break. The only significant fluctuation was recorded against the Euro (EUR) where the KES shed -0.39%. The EUR has held a comparatively stronger position against major peers, although German retail sales data which is due to be released this week may provoke some volatility. Meanwhile, regionally, the KES outperformed its peers – posting the strongest gain (+0.61%) against the Ugandan Shilling.
Foreign participation was mellow in a quiet trading session at the Nairobi Stock Exchange on Monday. Foreigners accounted for 47.78% of total NSE turnover, whilst local participants accounted for the remaining 53.22%. Accumulative activities dominated the day’s trading session, resulting in net inflows worth KES 67.28Mn relative to KES 2.40Mn net outflows on Thursday.
Foreign investors accounted for 47.78% of the NSE turnover as compared to 63.94% on Thursday. Foreign investors engaged in net accumulative activities, resulting in net inflows worth KES 67.28Mn.
Equity Holdings Limited (NSE: EQTY) was the day’s highest traded stock, recording a turnover of KES 84.25Mn to account for 36.57% of total market activity and 78.18% of foreign investor activity, followed by Kenya Commercial Bank Limited (NSE: KCB) which posted a turnover of KES 19.36Mn representing 8.40% of total market activity and 17.96% of foreign investor activity.
Equity Holdings Limited (NSE: EQTY) posted the day’s highest net inflows worth KES 83.97Mn and the day’s highest net outflows, worth KES 19.36Mn, were posted by Kenya Commercial Bank Limited (NSE: KCB).