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Equities Turnover Dips Again, Sheds Off 33% On Thursday

BY Soko Directory Team · August 25, 2023 10:08 am

On Thursday, Equities Turnover declined by 33.5% to KES 75Mn down from KES 112.7Mn the previous trading day.

Local investors were the dominant players on the day. They accounted for c. 54.5% of the total market turnover.

Foreign investors turned bearish on key blue chips to print net inflows of KES 10.15Mn in the day.

Equity Group was the most traded counter on the day – accounting for 45% of the total market activity. The stock’s turnover came in at KES 33.7Mn – with net outflows amounting to KES 11.45Mn.

Read Also: Dear Entrepreneur, Here’s Why Stock Market Is The Best Investment Opportunity For You

At the same time, Fixed Income Turnover soared by 117.4% to KES 2.06Bn up from KES 948Mn the previous trading day.

The FXD bond segment was the highest-grossing segment of the day – accounting for c. 62% of trades above KES 50Mn.

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

Read Also: The Stock Market Is Not For Everyone, Let Not Peer Pressure Lie To You

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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