Equities broke a six-session uptrend to close in the red with all major indicators trending south in the session on lower turnover.
Safaricom Limited (NSE: SCOM) was the highest traded counter closing 5.4 percent lower in the session after touching its all-time high of 28.50 shillings in the previous session.
The counter accounted for 51.6 percent of total market turnover with the majority of investors taking profits on the Telco. Local Investors dominated market activity after having stayed out amid high political temperatures in the past weeks.
Foreign investors reduced their activity by 6.8 percent to account for 47.5 percent of total market activity in the session.
Safaricom Limited (NSE: SCOM) continued to dominate foreign trades at 46.6 percent of activity, with the desk buying into the counter as has been the trend for the past six consecutive sessions.
The telco recorded the day’s highest net foreign inflows of 123.7 million shillings. East African Breweries Ltd (NSE: EABL) and Equity Group Holdings Plc (NSE: EQTY) exuded net selling activity from foreigners recording the highest and second highest net outflows, respectively.
Also to note, was a spike in activity in Kenya Reinsurance Corporation Ltd (NSE: KNRE) which accounted for 30.5 percent of foreign activity as the desk exited the counter. Foreign investors were overall net buyers in the session for the sixth session in a row after 8 successive sessions of net selling activity.
Bond turnover levels came off by 11.6 percent to 2.03 billion shillings on 41 deals compared to 2.3 billion shillings on 28 deals previously.