Equities closed the week on an uptrend with 2.7 percent higher turnover as local investors made a comeback to the market.
The top five actively traded hinted of a bullish sentiment in the market mostly by local investor activity. The top five took the bulk of 90.7 percent of total market turnover.
Foreign investors’ dominance continued its weak trend with participation today at 64.95 percent from 74.3 percent yesterday and 83.1 percent the day prior.
Buying interest was heavy on Safaricom Plc (NSE: SCOM) and Kenya Re-Insurance Corporation (NSE: KNRE) and largely selling East African Breweries Ltd (NSE: EABL) and KCB Group Plc (NSE: KCB).
On the overall, foreigners sustained net selling activity for the fourth consecutive day of the year.
The bond turnover was fairly flat at KES 2.14Bn (-10.7 percent) from 2.39 billion on 36 deals compared to 42 deals in the previous session.