Safaricom was the day’s top mover – accounting for 37.3% of the day’s turnover. The counter shed 1.3% on its price function to KES 14.70, a three-month low.
Banking stocks dominated the top mover chart with ABSA, HF Group, Equity, StanChart, and KCB Group being the top-traded banks in the session. All these banks, excluding HF Group, shed c. 1% on their price function.
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Equity Group shed 1.2% to close at KES 36.20 – the lowest since 23rd May 2023. HF Group was the best-performing top mover on a 3.2% rally to KES 4.85 on increased local trading.
Car & General was the leading laggard in the session, slumping 9.8% to KES 27.00 while Britam was the leading gainer, jumping 4.3% to KES 5.12.
Bears drove activity in the market as reflected by the performance of the benchmark indices. The NASI and N10 receded for the eighth consecutive session printing daily returns of 0.9% in the negative, each. The NSE 20 and the NSE 25 shed 0.6% and 0.8% each – breaking their two-day mini rally.
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