Market News

Shilling Still Sinking As Equity Turnover Edges Up 30%

BY Soko Directory Team · June 30, 2022 09:06 am

KEY POINTS

Foreign investors assumed a net selling position by accounting for 29.33% of total market purchases and 79.14% of total market sales.

KEY TAKEAWAYS

NSE 20 and NASI gained 1.41% and 4.18% to close at 1,600.97 and 122.83 respectively.

Exchange Rate Performance

The Kenyan shilling has continued to sink against the US Dollar, weakening 0.08 percent to close at 117.79 (-4.11 percent year-to-date). It also received a beating from the Pound to fall 0.01 percent to close at 144.36 (+5.06% year-to-date). However, against the Euro, it strengthened 0.15 percent to close at 124.61 (+2.65% year-to-date).

Kenyan Stock Market

Total equity turnover edged up by 30.04 percent to close at USD 2.72 MN (KES 319.99 MN) compared to yesterday’s turnover of USD 2.09 MN (KES 246.07 MN).

NSE 20 and NASI gained 1.41% and 4.18% to close at 1,600.97 and 122.83 respectively.

Foreign investors assumed a net selling position by accounting for 29.33% of total market purchases and 79.14% of total market sales.

About Soko Directory Team

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