Turnover at the NSE Drops by 45.4 Percent on Thursday

Turnover withdrew 45.4 percent to 565.8 million shillings with indices in the green. NASI closed at 147.07 (+1.04%), & NSE-20 at 3,442.38 (+0.92%) during Friday’s trading.

East African Breweries ousted Safaricom Ltd as the top mover, with 14.74 percent of the market activity. The brewer moved over 0.57 million shares on higher price (0.4%) despite exuding major foreign selling activity.

Blocks traded on KenGen Company and Equity Group Holdings Ltd pushed volumes up for the counters which rallied 7 percent each. Cooperative Bank Ltd saw high activity with investors rushing to book the 0.80 shillings dividend declared by the firm’s board on 17^th March 2017, ahead of its books closure today (26^th May 2017).

Foreign interest picked up to 46 percent from 29 percent previously, with activity leaning towards East African Breweries Ltd (NSE: EABL), Safaricom Ltd (NSE: SCOM) and Equity Group Holdings Ltd (NSE: EQTY) accounting for 32, 31 and 15 percent respectively. EABL recorded the highest net outflows 3.8 million shillings while Equity Bank recorded the highest net inflows 8.3 million shillings. Locals have been stepping up activity in the last two sessions, indicating bullish sentiments on the market after staying off for the better part of the year.

KCB Group Ltd lost 2.5 percent in the session, owing to its books closure yesterday (25^th May 2017) and profit-taking investors.