Safaricom Plc (NSE: SCOM) touched its all-time high, at 33.50 shillings per share in the session on Thursday on the back of increased trading by both local and foreign investors with the latter taking profits at the high price level.
The Safaricom’s counter accounted for 41.3 percent of total market activity making it the most traded counter of the session.
The top five traded counters were mostly traded by foreign clients except for East African Breweries Ltd (NSE: EABL) and Cooperative Bank of Kenya Ltd (NSE: COOP) which were traded by a local fund.
KenolKobil Ltd (NSE: KENO) was the second highest traded counter in the session, having attracted foreign investors who have been net buyers on the counter for the past three consecutive sessions.
The counter has been trading on an average of 17.6 shillings for the past nine sessions. Local Investors increased participation in today’s session accounting for 46 percent of total NSE activity.
Foreign investors mostly traded Safaricom, Kenol Kobil, Equity, EABL, and KCB. They were bullish on the desk was mostly bullish on COOP, Equity, and KENO.
The foreign desk exited mainly from EABL, Safaricom, and KCB. On the overall, the foreign desk exuded net selling activity or the second consecutive session.