Equities Back in the Red on Monday after a Shred of Hope on Friday

Equities’ posted poor performance in Monday’s session as all major indicators closed in the red on lower turnover from Friday’s session.

Safaricom Plc (NSE: SCOM) maintained the top mover position albeit closing the session unchanged in price.

The top five accounted for 84.8 percent of total market turnover compared to 90.7 percent in the previous session.

Foreign investors’ heightened activity to 71.2 percent from 64.9 percent recorded previously.

Buying interest inclined heavily on Safaricom Plc (NSE: SCOM) which accounted for the desk’s 67.6 percent activity followed by Jubilee Holdings Ltd (NSE: JUB).

The desk sold mainly from British American Tobacco Kenya Ltd (NSE: BAT) recording foreign net outflows of 1.6 million shillings in the session. On the overall, foreigners were net buyers, breaking a four net selling trend.

The bond turnover burgeoned to 4.45 billion shillings (108.4%) from 2.14 billion shillings on 45 deals compared to 36 deals in the previous session.