Shilling Weakens Further, Equity Turnover Drops 57%

Exchange Rate Performance

The Kenyan shilling weakened by 0.01 percent against the US Dollar to close at 120.86 (-6.83% year-to-date). The shilling, however, strengthened by 0.79 percent against the Pound to close at 135.62. It also strengthened against the Euro by 0.66% to close at 118.72.

Kenyan Stock Market

Total equity turnover fell by 57.90% to close at USD 2.47 MN (KES 298.62 MN) compared to Friday’s turnover of USD 5.87 MN (KES 709.23 MN).

NSE 20 fell by 0.54% to close at 1,667.75 and NASI grew by 2.22% to close at  129.13.

Foreign investors assumed a net buying position by accounting for 75.63% of total market purchases and 41.09% of total market sales.