Bourse Opens Week on High Note

Equities

Market activity opened the week on a high note as turnover increased to KES 759Mn from KES 286Mn on Friday with the number of shares traded rising to 19Mn. Foreign investors’ dominated business at the market with their total purchases and total sales accounting for 85% and 83% of the total turnover respectively. Kengen, KCB, Co-op, Safaricom and EABL were the day’s top movers. The All Share Index was unchanged at 146 points while the NSE 20 Share Index lost 15.15 points to close the day at 3,875.690 points.

Fixed Income

The bonds market activity recorded a significant improvement as turnover climbed to KES 1.6Bn from KES 550Mn previously. The number of deals transacted remained flat at 6.

Currencies

The Kenya Shilling weakened slightly against the dollar on Monday as it traded at a mean of KES 100.79 compared to Friday’s average of KES 100.69.

Article by Kingdom Securities Ltd.