Stock market gains as turnover rose  by 188.9pc at the Nairobi Bourse

Equities’ performance ticked up in the session as turnover burgeoned 188.9 percent to KES 583.39Mn.

The indices mirrored a similar uptick: NASI (+1.18 percent), NSE 20 (+0.11 percent) and NSE 25 (+0.68 percent).  
On Monday, the indices closed in the  south as turnover levels dipped 84.8 percent to KES. 201.94Mn.

Safaricom Ltd (NSE: SCOM) remained at the helm of the top traded counters, accounting for 53.0 percent of total market activity with majority of investors selling out of the counter; it closed 3.1 percent higher from the previous session.

Foreign investors increased activity in Tuesday’s session by 63.9 percent to account for 56.5 percent of total market activity.

Foreign investors held mainly onto the selling side of Safaricom Ltd (NSE: SCOM), Diamond Trust Bank Kenya Ltd (DTK) and Centum Investments Plc (ICDC) while they bought mainly into KCB Group Plc (KCB), Kenya Power & Lighting Company Ltd (NSE: KPLC) and NIC BANK Ltd (NSE: NIC).

The foreign desk continued to exude net selling activity in the session which has been the trend for over the last 22 successive sessions.

Bonds turnover increased by 32.50 percent in the session to KES 0.98Bn on 43 deals compared to 45 deals traded compared to 5.31 percent to KES 2.58Bn on 45 deals on Monday.