Shilling Slightly Weakens on Wednesday But Still Resilient

The Kenyan Shilling slightly dipped on Wednesday against the US Dollar and the Sterling Pound but remained resilient against the Euro.

Against the US Dollar, the Kenyan Shilling weakened by 0.09 percent from yesterday’s level to 101.00.

Against the Sterling Pound, the Kenyan Shilling weakened by 0.05 percent from yesterday’s level to 134.93.

Against the Euro, the Kenya Shilling strengthened 0.29% from yesterday’s level to 117.84 (4.13% year-to-date).

Kenyan Stock Market

Market turnover at the bourse decreased to USD 8.51 million or an equivalent to 859.0 million shillings, a 34.0 percent increase from USD 6.35 million, or an equivalent to 641.0 million shillings recorded on Tuesday.

NSE 20 and NASI gained 0.77 percent and 1.63 percent to close at 3,334.20 and 176.65 respectively.

Foreign investors assumed a net selling position by accounting for 80.46 percent of total market sales and 36.05 percent of total market purchases.

EAC Markets   

Rwanda:  Both RSI and ALSI went up 0.21 and 0.03 points to close at 132.34 and 133.05 respectively.

Uganda: USE ALSI gained 9.8 percent while USE LCI lost 0.4 percent to close at 2,292.77 and 413.28 respectively.