Foreign Investors Ended the Week with a Dwindled Activity at the NSE

By Juma Fred / February 24, 2018


Foreign investor activity declined to 54.4 percent of total market activity from 67.20 percent recorded previously.

Activity was mostly in Safaricom Limited, Equity Group Holdings, Diamond Trust Bank Kenya, KCB Group Ltd and DTK.

For the second session, DTK logged the highest net inflows while KCB recorded the highest net outflows.

The foreign desk recorded net outflows in the session compared to inflows on Thursday.

NASI closed 0.02 percent higher, while NSE-20 and NSE-25 closed lower in the session.

Turnover reduced 24.5 percent to 808 million shillings from 1.1 billion shillings recorded previously.

Activity was mainly in the Banking sector counters, Safaricom Limited and East African Breweries Ltd.

For the second session, Diamond Trust Bank Kenya Ltd received the most interest with bullish sentiment from foreign investors. The counter was unchanged in price at 210 shillings.

Bonds turnover retreated to 2.82 billion shillings on 49 deals in today’s session from 4.42 billion shillings recorded in the previous session on 47 deals.

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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