Shilling Slightly Weakens Against The Dollar But Shines Against The Euro and Sterling Pound

On Thursday, the Kenyan shilling slightly dipped against the US Dollar but strengthened against the Euro and the Sterling Pound.

Against the US Dollar, the Kenyan Shilling weakened 0.004 percent to close the day at 100.97 shillings to the dollar. The shillings, is, however, still 2.19 percent stronger on a year-to-date basis.

Against the Sterling Pound, the local currency strengthened 0.53 percent to end the session at 132.65 shillings to the pound, a 4.40 percent on a year-to-date basis.

Against the Euro, the shilling strengthened 0.45 percent to close at 116.66 shillings to the Euro. The shillings are also still 5.37 percent on a year-to-date basis.

Kenyan Stock Market

Market turnover stood at USD 8.50 million, an equivalent to 858.7 million shillings, a 140.3 percent increase from 3.54 million recorded previously.

NSE 20 and NASI gained 0.79 percent and 0.02 percent respectively to close at 2776.59 and 144.73 respectively.

Foreign investors assumed a net selling position by accounting for 94.3 percent of total market sales and 18.0 percent of total market purchases.

Foreign investor participation rose slightly to 56.1 percent of total market activity from 55.3 percent in the previous session.

Activity was mostly on Safaricom, KenolKobil and Equity Group. Net buying activity was mainly on EABL while net selling was mainly on the top traded counters; Safaricom, KenolKobil and Equity Group.

Foreign investors have remained net sellers for the twelfth consecutive session.

EAC Markets   

In Uganda, the USE ALSI gained 1.43 percent to close at 1723.7 and USE LCI dropped 0.27 percent to close at 410.92 while in Rwanda, the RSI and RASI held constant at 131.48 and 131.58 respectively.

Top Gainers and Losers

On Thursday, the top five gainers of the day were Equity Group, KenonKobil, Crowne Berger, Eveready East Africa, and Mumias Sugar Company.

The top losers during the session on Thursday were Kapchorua Tea Kenya, Umeme, Uchumi Supermarket, Sameer Africa and BOC Kenya.