Shilling Still Sinking As Equity Turnover Edges Up 30%
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.
Related Content: Kenyan Shilling Drops Further, At The Lowest In History
About Soko Directory Team
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