Skip to content
Headlines

Total Equity Turnover Edged Down 3.94% To Close At USD 4.60 Million

BY Juma · March 1, 2022 08:03 am

KEY POINTS

Weekly equity turnover rose 20.9 percent w-o-w to close at USD 20.52 MN (KES 2.34 BN). NSE 20 & NASI shed 1.7 and 4.2 percent w-o-w to close at 1,883.33 and 160.03, respectively.

KEY TAKEAWAYS

Total equity turnover edged down 3.94 percent to close at USD 4.60 million (523.65 million shillings) compared to Friday's turnover of USD 4.79 million (545.12 million shillings).

The Kenyan shilling has continued with its weakening trend against major global currencies, hitting the lowest in history on Monday. Against the US Dollar, the local currency weakened 0.01 percent to close at 113.84 (-0.61 percent year-to-date).

Despite the loss against the dollar, the shilling managed to gain ground against the Pound by strengthening 0.14 percent to close at 152.68 (-0.41 percent year-to-date). Against the Euro, it strengthened 0.09 percent to close at 127.65 (+0.27 percent year-to-date).

Total equity turnover edged down 3.94 percent to close at USD 4.60 million (523.65 million shillings) compared to Friday’s turnover of USD 4.79 million (545.12 million shillings).

NSE 20 and NASI gained 0.18 and 0.14 percent to close at 1,886.75 and 160.25, respectively. Foreign investors assumed a net buying position by accounting for 59.78% of total market purchases and 53.32% of total market sales.

Last Week

Weekly equity turnover rose 20.9 percent w-o-w to close at USD 20.52 MN (KES 2.34 BN). NSE 20 & NASI shed 1.7 and 4.2 percent w-o-w to close at 1,883.33 and 160.03, respectively.

Foreign investors assumed a net selling position by accounting for 44.5 percent of total market purchases and 62.2 percent of total market sales.

At the same time, weekly bond turnover advanced 217.4 percent w-o-w to close at USD 197.91 MN (KES 22.53 BN). FTSE Bond Index remained relatively flat w-o-w to close at 96.54.

91-day t-bill yield remained fairly flat to close at 7.254 percent, 182-day t-bill yield shed 1 bp to close at 8.062% while the 364-day t-bill yield gained  4 bps to close at 9.764 percent.

Juma is an enthusiastic journalist who believes that journalism has power to change the world either negatively or positively depending on how one uses it. (020) 528 0222 or Email: info@sokodirectory.com

Trending Stories
Government and Policy Kenya Is Struggling With Debt As Modest Revenue Is Collected With Limited Development Investment Steve Biko Wafula
Entrepreneur's Corner Kenyan Clients Don’t Care Whether You’re In the ICU: The Brutal Truth Of Entrepreneurship Soko Directory Team
Government and Policy Saccos Clamp Down On Struggling Businesses, Recover Sh491 Million In A Ruthless Crackdown Soko Directory Team
Headlines Are The SACCOS The Infinite Money Glitch Of Kenya? Soko Directory Team
Entrepreneur's Corner The Greatest Skill Everyone Should Master Is The Skill Of Knowing How To Manage Money Soko Directory Team
Related Articles
Headlines New Business Rises At Strongest Pace In Six Months Soko Directory Team
Entrepreneur's Corner What Is The Easiest Way To Start A Business That Will Be Profitable And Sustainable? Steve Biko Wafula
Headlines Are The SACCOS The Infinite Money Glitch Of Kenya? Soko Directory Team
Government and Policy TSC Revises Registration Requirements For Teachers Getrude Mathayo
Headlines Jubilee Health Insurance’s “Always With You” Campaign Wins MSK Award Soko Directory Team
Explore Soko Directory
Banking Blogging Commodity Watch Did you know Entertainment Entrepreneur's Corner Feature Government and Policy Headlines Investment Lifestyle Market News Money Opinion Press Releases Stock Watch Technology
Soko Directory Archives