Nairobi bourse turnover rises on Banks and Safaricom stocks

Equities settled higher on Tuesday’s trading at the Kenyan bourse from with all benchmarks looking up on 10.12 percent  rise in turnover.

Shares worth KES 1.1Bn were traded.

Activity centered on the same top traded counters similar to Monday; Safaricom Ltd (NSE: SCOM), East African Breweries Ltd (NSE: EABL), Equity Group Holdings Plc (NSE: EQTY) and KCB Group Ltd (NSE: KCB).

Foreign investors controlled the market for the second day of the week at 62 percent  of market activity from 75 percent previously.

They accelerated their selling positions, with a net sell-off of 39.1percent from 18.9 percent on Monday.

Exits were heavy on EABL, EQTY, KCB and Kenol Kobil Plc (NSE: KENO). A small (and only) buy trade was executed on Barclays Bank of Kenya (NSE: BBK). The foreign desk is now a net seller for the past 18 consecutive sessions.

Bonds turnover rose by 24.99 percent  in the session to KES 2.1Bn on similar 31 deals traded previously.