NSE 20 and 25 Close Lower Thursday on Lower Turnover

By Juma Fred / December 1, 2017


Equities posted varied performance with the All Share index up 0.11 percent while the NSE 20 and the NSE 25 indices closed lower in the session on lower turnover.

Shareholders’ funds increased by 2.92 billion from the previous session. Safaricom Plc (NSE: SCOM) still held the highest traded counter accounting for 24.0 percent of total market turnover and closing unchanged in price, similar to the previous session.

Local investors moved volumes in British American Tobacco Kenya Ltd (NSE: BAT) where they held onto both sides of the counter’s trades despite closing unchanged in price at 800 shillings.

Foreign investor activity retracted to 65.1 percent from 75.8 percent of total market activity in the previous session with Safaricom Plc (NSE: SCOM) as the most foreign traded counter for the 7th consecutive session exuding net selling interest in the session.

KCB Group Plc (NSE: KCB) logged the highest net inflows in the session amounting to 45.59 million shillings while Cooperative Bank of Kenya Ltd (NSE: COOP) recorded the highest net outflows of 11.03 million shillings.

Foreign investors were overall net buyers in the session and for the past ten consecutive sessions.

Bond turnover levels closed at 3.10 billion shillings in the session, up 9.13 percent on 32 deals compared to 2.84 billion shillings on 30 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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