Kenyan Markets Thursday: The KES weakens as foreign investors dominate net selling positions

Kenyan Shilling Performance

Against the US Dollar, the Kenyan Shilling weakened 0.13% from yesterday’s level to 100.60 (2.6% year-to-date).

Against the Sterling Pound, the Kenyan Shilling weakened 0.69% from yesterday’s level to 136.64  (0.24% year-to-date).

Against the Euro, the Kenya Shilling weakened 0.24% from yesterday’s level to 119.40 (3.15% year-to-date).

Kenyan Stock Market

Market turnover at the bourse declined 54.6% to USD 7.48 MN (KES 753.6 MN) from yesterday’s trading.

NSE 20 and NASI declined 0.81% and 1.62% to close the day at 3,635.76 and 178.25.

Foreign investors assumed a net selling position by accounting for 76.5% of total market sales and 13.1% of total market purchases.

EAC Markets: Rwanda continues being boring.

Rwanda:  RSI gained and ALSI declined 1.23% and 0.17% to close at 132.50 and 133.07 respectively.

Uganda: The USE ALSI gained 0.41% to close at 2,198.81 while USE LCI dropped 0.17% to close at 418.21.