Equities Continue To Display Mixed Signals as Christmas Beckons

Equities’ posted mixed performance in the session with two of the major indices closing higher while the All Share Index exuded an overall price increment.

Turnover rescinded by 39.6 percent to 558.3 million shillings with Safaricom Plc (NSE: SCOM) as the top mover accounting for 54.8 percent compared to 69.8 percent previously.

During the session, all the top traded counters exuded activity from both the local and foreign desks.

Foreign investor activity retracted from 69.5 percent of total market activity in the previous session to account for 42.12 percent in Thursday’s trading.

Safaricom Plc (NSE: SCOM) held at the top foreign traded counter exuding net selling activity for the second consecutive session recording the day’s highest net foreign outflows.

The desk was buying into Centum Investment Co Plc (NSE: ICDC) which recorded the session’s highest net foreign inflows. The foreign desk logged net selling activity in today’s trading for the second session in a row this week.

The bond turnover levels ticked up to 1.52 billion shillings (+16.6%) on trading 49 deals compared to 1.30 billion shillings traded on 25 deals in the previous session.