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The Daily Market Report: The Shilling And The Stock Market

BY Soko Directory Team · February 3, 2022 11:02 am

KEY POINTS

Against the Euro, the shilling weakened 0.42 percent to close the day at 127.64 shillings, a 0.28 percent on a year-to-date.

KEY TAKEAWAYS

Foreign investors assumed a net selling position by accounting for 29.43% of total market purchases and 47.36 percent of total market sales.

The Kenyan shilling has continued to get a beating from the US Dollar, closing the day on Wednesday at 113.58 shillings, a loss of 0.38 percent on a year-to-date basis. At the same time, it weakened against the Pound, dropping 0.19 percent to close at 152.88 shillings.

Against the Euro, the shilling weakened 0.42 percent to close the day at 127.64 shillings, a 0.28 percent on a year-to-date.

On Wednesday, the total equity turnover decreased 31.95 percent to close at USD 4.50 million (510.61 million shillings) compared to yesterday’s turnover of USD 6.61 million (750.31 million shillings).

The NSE 20 and NASI gained 0.19 percent and 0.41 percent to close at 1,892.89 and 165.93, respectively. Foreign investors assumed a net selling position by accounting for 29.43 percent of total market purchases and 47.36 percent of total market sales.

Read More: Ending Poverty in Africa by Saving and Investing in the Stock Market

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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