Equities
The Equities’ market persisted poor performance in Tuesday’s session as displayed by the key indices albeit on higher turnover from the previous session.
Turnover levels have been up and down in the past five sessions though on depressed share prices. The top five movers for the day collectively accounted for 94.9 percent of total market activity and 98.37 percent of the foreign activity.
Foreign participation was at 66.43 percent. It has been oscillating between 50-70 percent within the past five sessions with activity inclining towards the top cap counters.
Local investors have been observed to stay out of the market as political temperatures continue to rise with the repeat polls edging closer. Foreign investors were net sellers in the session.
Bonds turnover closed at 1.29 billion shillings on 71 deals in the session from 1.56 billion on 53 deals previously.
Kenyan Shilling Performance
The Kenyan Shilling weakened against the US Dollar by 0.79 percent on a year-to-date basis. The shilling also weakened against the Sterling Pound by 9.40 percent while against the Euro, the Kenyan Shilling weakened by 13.85 percent.
Kenyan Stock Market
The market turnover at the bourse went up 310.6 percent to USD 8.00 million or an equivalent of 826.77 million shillings.
The NSE 20 and NASI declined 0.72 percent and 0.68 percent to close at 3,597.85 and 157.44 respectively.
Foreign investors assumed a net selling position by accounting for 75.3 percent of total market sales and 58.0 percent of total market purchases.
EAC Markets
In Rwanda, the RSE RSI and RASI gained 1.29 percent and 0.40 percent to close at 129.18 and 132.90 respectively while in Uganda, the USE ALSI rose 0.13% to close at 1,664.78 while USE LCI dropped 0.02% to close at 388.89.