Kenyan Equities Post Mixed Performance on Lower Turnover

By Soko Directory Team / January 11, 2018

Kenyan Equities Post Mixed Performance on Lower Turnover

The equities put in a mixed performance on Thursday with two of the three major indicators closing in the gain territory on lower turnover.

Safaricom Plc (NSE: SCOM) maintained the position as the top mover for the day with Kenya Re-Insurance Corporation Ltd (NSE: KNRE) moving 3.5Mn shares to join the top five traded counters for the day.

The top five accounted for 913 per cent  of the total market turnover driven mainly by foreign activity on the counters.

During the session, foreign investors persisted dominance of the equities market albeit at a lower rate than the previous session (70.% vs. 84.8%).

KCB Group Ltd (NSE: KCB)  logged the highest foreign outflows for the second consecutive session.

On the overall, foreign investors exuded bullish sentiment compared to net selling activity recorded in the past two sessions.

Bond turnover improved to KES 1.96 (+81.0%) from KES 1.09Bn on 44 deals compared to 23 deals in the previous session.

Source: Genghis Capital

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