Trading business at the exchange dropped today as turnover declined to KES 184Mn from KES 847Mn yesterday with 8.7Mn shares changing hands. Foreign investors turned net sellers while their local counterparts mainly bought shares with their total activity for the day accounting for 78% and 61% of the total turnover respectively. Safaricom, KCB, Co-op, Scangroup and Kenya Airways were the top movers. The NSE 20 Share Index lost 40.59 points to close the day at 3,871.74 points while the All Share Index was marginally down by 0.49 points to end the day at 145.78 points.
The bonds market activity registered a slight decrease as turnover was recorded at KES 4.4Bn from KES 6.6Bn before. The number of deals transacted rose to 91 from 50 previously.
Kenya’s shilling slightly strengthened against the US dollar as it traded at a mean of KES 100.67 having gained from an average of KES 100.87 previously, due to importer dollar demand being matched by inflows from agricultural exports.
Article by Kingdom Securities Ltd.