The Tuesday Market Report: Exchange Rates And Stocks

Exchange Rate Performance

The local currency seems to still be in trouble against the US Dollar. The shilling is still being clobbered, falling to the lowest in history on Tuesday. The shilling is however resilient against the Pound and the Euro.

USD|KES: KES weakened 0.03 percent to close at 112.71 (-3.24 percent year-to-date).

GBP|KES: KES strengthened 0.05 percent to close at 149.59 (-0.83 percent year-to-date).

EUR|KES: KES strengthened 0.06 percent to close at 127.32 (4.91 percent year-to-date).

Kenyan Stock Market

Total equity turnover advanced 286.08 percent to close at USD 11.44 MN (KES 1.29 BN) compared to yesterday’s turnover of USD 2.96 million (333.97 million shillings).

NSE 20 gained 0.03 percent to close at 1,822.72 while NASI shed 0.96 percent to close at 157.53, respectively.

Foreign investors assumed a net selling position by accounting for 39.59 percent of total market purchases and 60.92 percent of total market sales.