Kenyan Stocks Close the Week in Mixed trend centering on top caps

The Kenyan stocks ended the week’s trading session mixed with the NASI and NSE-25 closing higher than the NSE -20 index.

The NSE-20 eased 0.78 percent while NASI and NSE-25 closed slightly higher with turnover picking up significantly by 209 percent.

Activity centered on the top cap stocks, closing unchanged for the top 4 traded and slightly down for the Co-operative Bank of Kenya (NSE: COOP).

Local investors continued to dominate market activity accounting for 71.5 percent from Thursday’s 56.9 percent.

Foreign investors exited Safaricom Ltd (NSE: SCOM) on the day of its dividend books closure. Equity Group Holdings (NSE: EQTY) and KCB Group Plc (NSE: KCB) also saw notable exits from foreign desk.

Small buy trades from foreigners were executed on Barclays Bank of Kenya Ltd (NSE: BBK) and NIC Bank Plc (NSE: NIC). Net foreign selling activity clocked the 21st consecutive session.

Bonds turnover rose by 72.92 percent in the session to KES 4.45Bn on 80 deals compared to 29 deals on Thursday.