Equities Turnover dipped by 98.1 percent to KES 66.6Mn down from KES 3.51Bn the previous trading day. Local investors were the dominant players on the day. They accounted for c. 61.8% of the total market turnover.
Foreign investors turned largely bearish on key blue chips to print net outflows of KES 12.65n in the day. Equity Group was the most traded counter on the day – accounting for 25.18% of the total market activity. The stock’s turnover came in at KES 16.76Mn.
KCB slipped for the tenth consecutive session, easing 0.2% to KES 28.50 on increased foreign selling. The lender has dropped 9.8% in the ten sessions. Safaricom rebounded 1.8% to KES 16.90 on local demand.
DTB and NCBA were surprised top movers, notching 3.5% and 0.3% higher to KES 47.70 and 38.45 respectively on local demand. Meanwhile, Centum closed lower for the second consecutive session, down 0.4% to KES 8.96.
At the same time, Fixed Income Turnover plunged by 99 percent to KES 37.6Mn down from KES 2.97Bn the previous trading day. The IFB bond segment was the highest-grossing segment of the day. IFB1/2023/007 was the single most traded paper of the day.