Market in Focus: Foreigners Dominate the Session on Wednesday as NASI Rises

The NASI rose marginally by 0.05 percent to settle at 134.07 as the turnover improved by 2.23 percent to 466.1 million during the Wednesday’s trading session.

Safaricom Limited held as the day’s top mover in four sessions running with over 15 million shares being an increase of 0.3 percent from Tuesday’s trading.

Diamond Trust Bank Kenya came in as the second mover on Wednesday with shares worth 90.7 million shillings though the price remained the same.

On the top gainers’ side, Eveready East Africa Limited carries the day for the second session in succession up 8.6 percent with investors reacting to the special dividend declared by the board of 1.00 shilling following its quarter 1 results for 2017 that was released on 28^th of April.

Liberty Kenya Holdings and Total Kenya reversed their gains in the previous sessions to be the Wednesday’s top losses by 7.7 and 7.6 percent respectively.

Total foreign activity was at 75.3 percent being an increase by 45.9 percent, with Safaricom Ltd (NSE: SCOM) accounting for 76.4 percent of the lot.

KCB Group Ltd (NSE: KCB) recorded the highest net foreign inflows of 10.1 million shillings while Diamond Trust Bank Kenya Ltd (NSE: DTK) logged the highest net foreign outflows worth 26.3 million shillings. The latter recorded the highest net foreign inflows in the previous session of 18.1 million shillings.