Market Turnover Up by 21% as Foreigners Assume Net Selling Position

The market turnover at the bourse increased by 21.0 percent as the week came to an end to USD 7.33 million or an equivalent of 735.0 million shillings from Thursday’s trading.

The NSE 20 gained 0.48 percent to close at 3,723.30 while NASI declined 0.17 percent to close at 179.48 respectively.

Foreign investors assumed a net selling position by accounting for 75.5 percent of total market sales and 36.2 percent of total market purchases.

The Kenyan shilling slightly weakened against the US Dollar, the Sterling Pound and the Euro on Friday.

Against the US Dollar, the Kenyan Shilling weakened 0.22 percent from Thursday’s level to 100.33 shillings while against the Sterling Pound, the local currency weakened 0.49 percent from Thursday’s level to 140.28.

On the other hand, against the Euro, the Shilling weakened 0.14 percent from Thursday’s level to 122.20.

On the EAC Markets, in Rwanda, the RSI and RASI remained at 132.59 and 133.08 respectively while in Uganda, the USE ALSI and USE LCI decreased by 0.59 percent and 0.63 percent to close at 2,187.49 and 410.13 respectively.