Equities Turnover Dips 53.7% To Hit Ksh 39.8 Million

Turnover declined by 53.7% to KES 39.8Mn down from KES 85.8Mn the previous trading day. Domestic investors were the dominant players on the day. They accounted for c. 78.7% of the total market turnover.

Foreign investors turned bearish on key blue chips to print net outflows of KES 13.9Mn in the day.

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Safaricom Group was the most traded counter on the day – accounting for 56.8% of the total market activity. The stock’s turnover came in at KES 22.6Mn – with net outflows amounting to KES 13.9Mn.

Fixed Income Turnover declined by 25.8% to KES 1.00Bn down from KES 1.35Bn the previous trading day.

The FXD bond segment was the highest-grossing segment of the day – accounting for c. 88% of trades above KES 50Mn. IFB1/2022/018 was the most frequently traded paper of the day.

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Stats from Genghis Capital