Market Turnover Rises 20.1% as Shilling Continues to Bloom

The market turnover at the bourse rose 20.1 percent to USD 13.09 million or an equivalent of 1,322.4 million shillings from Wednesday’s trading.

The NSE 20 and NASI gained 0.45 percent and 1.28 percent to close the day at 3,746.18 and 180.39 respectively.

Foreign investors assumed a net selling position by accounting for 69.9 percent of total market sales and 40.6 percent of total market purchases.

The shilling has continued to bloom by gaining traction against the US Dollar, the Sterling Pound, and the Euro.

On Thursday, the shilling strengthened against the US Dollar by 0.30 percent from Wednesday’s level to 101.01 shillings to the dollar.

Against the Sterling Pound, the Kenyan Shilling strengthened 0.01 percent from Wednesday’s level to 140.50.

Against the Euro, the Kenya Shilling strengthened 0.29 percent from Wednesday’s level to 124.65.

On the East African Markets, in Uganda, the USE ALSI declined 0.16 percent to close at 2,076.87 while USE LSI rose 0.35 percent to close at 391.68 while in Rwanda, the RSI and RASI dropped 0.20 percent and 0.02 percent to close at 132.13 and 133.02 respectively.