On Thursday, the total equity turnover advanced 186.36 percent to close at USD 16.41 MN (KES 1.77 BN) compared to yesterday’s turnover of USD 5.73 MN (KES 616.62 MN).
The NSE 20 and NASI indices shed 0.09% and 2.17% to close at 1,863.68 and 168.94 respectively. Foreign investors assumed a net selling position by accounting for 66.66% of total market purchases and 82.10% of total market sales.
The Kenyan shilling strengthened 0.15 percent against the US Dollar to close at 107.57 (+1.46% year-to-date). The local currency also strengthened against the pound by 0.30% to close at 152.14 (-2.55% year-to-date).
Daily Market Report -27 May 2021 by Soko Directory on Scribd
Last week, the Kenyan shilling depreciated against the US dollar by 1.1 percent to close at 108.2 shillings, from 107.0 shillings recorded the previous week.
The depreciation of the local currency was mainly attributable to the build-up of dollar demand ahead of the end of the month when firms typically meet their hard currency obligations.