Equities Turnover Rises 21 Times To Hit Ksh 3.5 Billion

Equities turnover skyrocketed by 21x to KES 3,508Mn up from KES 156.1Mn the previous trading day. Foreign investors were the dominant players on the day. They accounted for c. 52.2% of the total market turnover.

Foreign investors turned largely bearish on key blue chips to print net outflows of KES 3.29Bn in the day. Safaricom Group was the most traded counter on the day – accounting for 98.64% of the total market activity. The stock’s turnover came in at KES 3.46Bn – with net outflows amounting to KES 3.27Bn

At the same time, fixed income turnover rose by 33.53% to KES 3.97Bn down from KES 2.97Bn the previous trading day. The IFB bond segment was the highest-grossing segment of the day – accounting for c. 55.1% of trades above KES 50Mn.

IFB1/2023/007 was the single most traded paper of the day.

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Data from Genghis Capital