Market turnover at the Bourse records 19.6pc decline

By Amina Faki

The NSE 20 and NASI indices gained 0.47 percent and 0.64 percent to close at 3,700.44 million shillings and 155.30 million shillings respectively on Friday.

Market turnover at the bourse recorded a 19.6 percent decline to 6.79 million US Dollars approximately 704.69 million shillings from Thursday’s trading.

Foreign investors got back into the game assuming a net buying position by accounting for 60.3 percent from the previous session’s 55.09 percent recording an overall buying activity of 60.1 percent of total market sales.

They bought into Standard Chartered Bank Kenya Ltd (NSE: SCBK) which recorded the day’s highest foreign inflows (KES 19.37Mn), Crown Paints Kenya Ltd (NSE: BERG) and Safaricom Ltd (NSE: SCOM) while exiting Stanbic Holdings Plc (NSE: CFC), KenolKobil Ltd (NSE: KENO) and Kenya Reinsurance Corporation Ltd (NSE: KNRE) –which logged the highest net outflows in the session (KES 14.7Mn).

The shilling weakened against the US dollar, the Sterling pound and the euro by 1.32 percent, 7.32 percent and 12.22 percent respectively on a year to date basis.