Equities retreated after trending for the last 11 sessions. Activity picked up marginally by 16.2%, to trade KES 899Mn.
The broad NASI inched slightly higher, 3bps while NSE-20 and NSE-25 inched down by between 2 and 10bps. Activity concentrated on KCB Group Ltd (NSE: KCB), the top mover, Safaricom Ltd (NSE: SCOM), Equity Group Holdings Ltd (NSE: EQTY), Bamburi Cement Ltd (NSE: BAMB) and East African Breweries Ltd (NSE: EABL).
Except KCB, the others closed unchanged in price (SCOM, EQTY) or slightly lower (BAMB, EABL).
Local investors, for the second day controlled the market, at 62% of the day’s activity from yesterday’s 71%.
Top of foreigners trading were exits from BAT, Barclays Bank of Kenya (NSE: BBK), KenGen Co Ltd (NSE: KEGN) and Kenya Reinsurance Co (NSE: KNRE).
For the second session, foreign buys continued on SCOM and KCB, while EABL joined the buy list today. Overall, foreign positions exited the market (-15.8%).
Bond turnover closed 66.4% higher from the previous session at KES. 1.01Bn, on 24 deals compared to 33 (previously).
