Equities closed the week on a low note as all major indicators trended south with the current political stalemate in the country is partly blamed for the same.
This has been the trend all week signifying poor performance of the counters the whole week with the same expected to spill over the coming week.
Shareholders’ in the week lost 52.72 billion shillings in wealth with turnover levels remaining depressed in the week. In Thursday’s session, the All Share Index shed 1.10 percent to close at 154.93 points on lower turnover from the previous session.
Equity Group Holdings was the day’s top mover accounting for 53.9 percent of market activity followed by Safaricom. A cross trade on KenolKobil Ltd causes the counter to list among the top traded counters of the day.
Foreign participation accounted for 71.2 percent in Thursday’s trading, a 12.4 percent drop from Wednesday with 61.0 percent of the trades going to EQTY which recorded the highest inflows in the session.
The desk was selling out of SCOM, recording the highest outflows for the day and as a result pushing the share price down 1.0 percent to close at 24.00 shillings. The desk recorded net buying activity with net inflows of 48.3 million shillings.
Bonds turnover closed higher at 0.91 billion shillings on 34deals in the session from 0.49 billion shillings on 25 deals previously.