Turnover Rose By 174% To Ksh 182.4Mn After Plunging 98%

Equities turnover rose by 174% to KES 182.4Mn up from KES 66.6Mn the previous trading day. Local investors were the dominant players on the day. They accounted for c. 50.2% of the total market turnover.

Foreign investors turned largely bullish on key blue chips to print net inflows of KES 31.38Mn in the day. Safaricom Group was the most traded counter on the day – accounting for 37.3% of the total market activity. The stock’s turnover came in at KES 68.1Mn – with net outflows amounting to KES 5.77Mn.

Fixed Income turnover surged by over 10x to KES 431Mn up from KES 37.6Mn the previous trading day. The FXD bond segment was the highest-grossing segment of the day – accounting for 76.7% of trades above KES 50Mn. IFB1/2023/007 was the single most traded paper of the day.

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Counters:

Safaricom reclaimed its top-mover position, accounting for 37.4% of the total turnover. The telco extended yesterday’s gains by 2.7% to KES 17.35 as investors bought the dip.

Kenya Re was a surprise top mover, ticking up 1.6% to a six-week high of KES 1.88 on increased foreign demand. HF Group was another surprise top mover and leading laggard in the bourse, declining 5.9% to KES 4.50 on local selling.

Meanwhile, NCBA edged 0.5% lower on profit taking while EABL inched 0.2% higher as investors bought the dip. Home Afrika was the leading gainer in the session, soaring 10.0% to KES 0.33, though on thin volumes.

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