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Equities Turnover Dips 87.8% To Ksh 85.0 Million

BY Soko Directory Team · September 22, 2023 10:09 am

Equities turnover declined by 87.8% to KES 85.0Mn down from KES 698.9Mn the previous trading day. Domestic investors were the dominant players on the day. They accounted for c. 68.8% of the total market turnover.

Foreign investors remained bearish on key blue chips to print net outflows of KES 50.6Mn in the day.

Safaricom Group was the most traded counter on the day – accounting for 22.4% of the total market activity. The stock’s turnover came in at KES 19.0Mn – with net outflows amounting to KES 18.6Mn.

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At the same time, Fixed Income Turnover declined by 3.1% to KES 3.95Bn down from KES 4.08Bn the previous trading day.

The FXD bond segment was the highest-grossing segment of the day – accounting for c. 87% of trades above KES 50Mn. IFB1/2023/007 was the most frequently traded paper of the day.

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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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