Trading activity opened the week on a lower note as turnover dropped to KES 167Mn from KES 412Mn with 6.9Mn shares changing hands. Foreign investors mainly sold while the locals mainly bought with their overall movements accounting for 81% and 78% of the total turnover respectively. Safaricom, Co-op bank, NIC bank,KCB and Equity were the top movers. The All Share Index decreased by 1.11 points to end the day at 144.43 points while the NSE 20 Share Index lost 6.56 points to close the day at 3,860.94 points.
The bonds market activity declined as turnover decreased to KES 1.8Bn from KES 2.7Bn before with the number of deals transacted standing at 25 from 40 on Friday.
The Kenyan shilling weakened a touch on Monday, undermined by a surge in corporate dollar demand ahead of a national holiday on Wednesday. Commercial banks quoted the shilling at KES 100.70/100.80 compared with Friday’s close of KES 100.65/75.
Article by Kingdom Securities Ltd.