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Equities Bloom After Two Sessions of Losing Spree

BY Juma · December 30, 2017 06:12 am

Equities closed the week on a high note after two consecutive sessions of being in the read.

On Friday, all major indicators pointed north, a difference of how the market was in the previous two sessions.

Safaricom Limited retained the top mover position accounting for 42 percent of total market turnover. This was a drop from 80.5 percent recorded in the previous session.

Local investor activity remained weak and sluggish as the markets heads into the new year holiday.

Foreign investors remained the main dominants of the market. On Friday, they accounted for 72.1 percent, 18.9 percent lower than the previous session.

Dominants on the foreign desk were Safaricom Limited with 52.2 percent. Kenya Commercial Bank was top in terms of net inflows while Kenya Re Insurance held top in terms of net outflows.

Bond turnover levels closed the week at 1.4 billion shillings, a drop by 28.8 percent on trading 25 deals from 1.56 billion shillings on trading 28 deals previously.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. (020) 528 0222 or Email: info@sokodirectory.com

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