Equities Post Mixed Reactions At the Close of the Week

By Juma Fred / December 2, 2017


Equities posted mixed performance with the NASI and NSE 20 indices up 0.09 percent and 0.29 percent consecutively, while the NSE 25 index closed lower in the session. Activity was low with turnover retreating 31.3 percent from Thursday’s session.

Safaricom Plc (NSE: SCOM) still held the highest traded counter accounting for 63.3 percent of total market turnover and closing unchanged in price, similar to the previous two sessions.

Equity Group Plc (NSE: EQTY) and KCB Group Ltd (NSE: KCB) fell by an average 1.2 percent in price despite buying interest from foreign investors.

Foreign investor activity rose to 80.4 percent of total market activity from 65.1 percent in the previous session with Safaricom Plc (NSE: SCOM) as the most active counter for the 8th consecutive session exuding net selling interest in the session.

KCB Group Plc (NSE: KCB) logged the highest net inflows for the second session amounting to 8.8 million shillings while Cooperative Bank of Kenya Ltd (NSE: COOP) recorded the highest net outflows for the second session of 2.8 million shillings. Foreign investors were net buyers in the session and for the past eleven consecutive sessions.

Bond turnover closed at 1.5 billion shillings in the session, down 51.8 percent on 36 deals compared to 3.1 billion shillings on 32 deals previously.

About Juma Fred

Juma Fredrick is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. You can reach him on: (020) 528 0222 or Email: [email protected]

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