Foreign Investors Take Charge of the NSE on Thursday

The Thursday session at Nairobi Securities Exchange (NSE) was dominated by foreign investors according to stats from Dyer and Blair Edge.

“Foreign investors assumed a net selling position by accounting for 53.9 percent of total market sales and 49.4 percent of total market purchases,” stated analysts from Dyer and Blair.

The market turnover at the bourse rose 31.0 percent to USD 8.58 million or an equivalent to 877.7 million shillings from Wednesday’s trading.

The NSE 20 dropped 0.08 percent to close at 3,710.16 while NASI went up 0.62 percent to close at 180.55.

The Kenyan shilling remained resilient against the US Dollar for the fourth day running.

On Thursday, against the US Dollar, the Kenyan Shilling strengthened 0.21 percent from Wednesday’s level to 102.34 (0.86 percent year-to-date).

Against the Sterling Pound, the Kenyan Shilling weakened 1.13 percent from Wednesday’s level to 145.24 (-4.67 percent year-to-date) while against the Euro, the Kenyan Shilling weakened 0.49 percent from yesterday’s level to 126.60 (-2.69 percent year-to-date).

On the EAC Market, in Uganda, the USE ALSI declined 1.12 percent while USE LSI gained 0.02 percent to close at 2,027.15 and 390.09 respectively.