Safaricom was the day’s top mover – accounting for 56.8% of the trading activity albeit shedding 1.0% of its share value to close at KES 15.60.
StanChart and KCB were the only top movers to gain in the day, printing 0.9% and 0.4% returns on the back of local trading. The latter rebounded as investors bought the dip following its recent decade low.
Serena led the top gainers on an 8.4% rally to KES 15.45 – closing the day at an 11-month high. Eveready on the other hand shed 10% to close the day as the top laggard at KES 1.26.
Foreign investors maintained their exit positions, recording net outflows of USD 0.1m. Safaricom led the selling charge while KCB Group led the buying charge.
The market opened the week in the red as reflected by the benchmark indices’ performance. The NASI and N10 receded by 0.3% each, with the NSE 25 declining marginally by 0.1% even as the NSE 20 remained largely unchanged.
Market activity declined 53.7% to USD 0.3m in part due to reduced activity in the banking sector. Participation in the market was skewed towards local investors at 78.7% of activity.