The Kenyan shilling slightly retracted on Tuesday but remained resilient against the US Dollar, the Sterling Pound, and the Euro
Against the US Dollar, the Kenyan Shilling weakened 0.35 percent from Monday’s level to 101.54. The shillings was at 1.64 percent on a year-to-date basis.
Against the Sterling Pound, the Kenyan Shilling weakened 0.14 percent from Monday’s level to 135.14 while closing the day at 2.60 percent on a year-to-date basis.
Against the Euro, the Kenya Shilling strengthened 0.17 percent from Monday’s level to 117.76 and closing at 4.48 percent on a year-to-date basis.
Kenyan Stock Market
Market turnover at the bourse rose 9.1 percent to USD 7.93 million or an equivalent to 804.9 million shillings from Monday’s trading.
The NSE 20 gained 0.41 percent to close at 3,358.68 while NASI declined 0.37 percent to close at 174.09.
Foreign investors assumed a net selling position by accounting for 31.0 percent of total market sales and 12.6 percent of total market purchases.
In Rwanda, the RSI and RSE ALSI dropped 0.16 percent and 0.02 percent to close at 132.13 and 133.02 respectively.
In Uganda, the USE ALSI rose 0.51 percent while USE LCI dropped 0.02 percent to close at 2,068.57 and 416.96 respectively
Foreign investors reduced further to account for 21.8 percent of the Tuesday’s total trades compared to 27.9 percent previously.
The desk remained net sellers on Safaricom Plc, Equity Group Holdings Plc, KCB Group Plc and Kenya Re.
Bullish activity was seen in WPP Scangroup, BAT and Centum Investment Co. Plc. Foreign investors were overall net sellers in today’s trading after recording net buying activity in the previous session.