Trading in the equities market increased considerably today due to huge foreign activity which helped push turnover to KES 2.7Bn from KES 765Mn previously with 41.9Mn shares changing hands. International investor’s total sales and total purchases accounted for 95% and 85% of the total turnover respectively. Safaricom, KCB, Co-op bank, Kengen and EABL witnessed the most movement. The NSE 20 Share Index gained 19.93 points to close the day at 3,818.19 points while the NSE All Share index was up marginally to settle at 146.39 points.
Activity in the bond market recorded a significant improvement as total turnover jumped to KES 6.98Bn from KES 2.48Bn before with 39 deals transacted up from 27 previously.
The Kenyan shilling was steady on Thursday due to reduced corporate dollar demand for dollars. The local currency closed at a mean of KES 101.09 slightly stronger than yesterday’s average of KES 101.13 against the US dollar.