Equities Turnover Spiked 228% On Wednesday

Equities Turnover

On Wednesday, the equities turnover spiked by 228.4 percent to 326.05 million shillings up from 99.28 million shillings the previous trading day.

Foreign investors remained largely out of the market on the day. They accounted for 31.27 percent of the total market turnover.

Foreign investors remained bearish in the day to print net outflows of 126.25 million shillings in the day.

Safaricom Plc was the most traded counter on the day – accounting for 80.73 percent of the total market activity. The stock’s turnover came in at 263.21 million shillings – with net outflows amounting to 137.24 million shillings.

Fixed Income

Turnover slowed by 27.91 percent to 2.32 billion shillings down from 3.22 billion shillings the previous trading day.

The FXD bond segment was the most traded segment of the day. It accounted for 58 percent of trades above 50 million shillings. IFB1/2022/014 was the most traded paper of the day.

Related Content: Equities Up 1.42% To Hit Ksh 99.28 Million