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Money

Shilling Weakens Slightly Against US Dollar

BY Soko Directory Team · June 8, 2016 04:06 am

Equities

Activity in the equities market slightly went up as turnover increased from KES 797Mn yesterday to KES 934Mn today with 29.7Mn shares traded. Foreign investors participation leaned on the demand side while their local counterparts rested on the supply side with their activity accounting for 78% and 59% of the total turnover respectively. Safaricom, Kengen, Equity bank, KCB and Co-op bank were the day’s top movers. The NSE 20 Share Index was down by 3.28 points to end the day at 3,797.74 points while the NSE All Share Index added 0.79 points to close at 144.63 points.

Fixed Income

The bonds market registered continued reduction in activity as turnover decreased to KES 3.2Bn from KES 3.4Bn before with 48 deals transacted up from 27 previously.

Currencies

The Kenya shilling weakened slightly and further from yesterday’s drop as it traded at a mean of KES 101.11 compared to an average of KES 101.00 earlier.

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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