Foreigners Embarked On Selling As Equity Turnover Dropped

Kenyan Stock Market

Total equity turnover dropped by 30.71 percent to close at USD 2.98 million (389.86 million) compared to yesterday’s turnover of USD 4.30 million (562.66 million shillings).

NSE 20 and NASI rose by 1.14 percent and 0.05 percent to close at 1,558.87 and 110.91 respectively.

Foreign investors assumed a net selling position by accounting for 27.53 percent of total market purchases and 70.90 percent of total market sales.

Exchange Rate Performance

The Kenyan shilling weakened by 0.29 percent against the US Dollar to close at 130.99 (-6.18 percent year-to-date). Against the Pound, the shilling weakened by 0.55 percent to close at 160.78 (-8.29 percent year-to-date). The shilling weakened by 0.43 percent against the Euro to close at 141.33.

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