Kenyan Bourse Ended The Week With Equities Spiking 105%

Equities

The Kenyan bourse ended the week on a high note with the turnover spiking by 105.92 percent to 267.67 million shillings up from 129.98 million shillings the previous trading day.

During the day (Friday), foreign investors were largely out of the market on the day, accounting for 29.38 percent of the total market turnover. Foreign investors remained generally bearish in the day printing net outflows amounting to 12.77 million shillings.

Safaricom was the most traded counter on the day – accounting for 41.73 percent of the total market activity. The stock’s turnover came in at 111.69 million shillings with net foreign inflows of 27.99 million shillings.

When it came to fixed income:

Turnover slumped by 39.12 percent to 1.93 billion shillings down from 3.16 billion shillings the previous trading day.

The IFB bond segment was the most traded segment of the day. It accounted for c. 79 percent of trades above 50 million shillings. IFB1/2022/018 was the most traded paper of the day.

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