Safaricom Takes 71% Of NSE, StanChart At A 4-Week High
Safaricom was the day’s top mover, from a turnover perspective – accounting for 71.2% of the trading activity. The counter broke its week-long price erosion on a 0.3% rally to KES 15.00.
StanChart was the best-performing top mover on a 1.1% rally to KES 163.00, a 4-week high, on the back of foreign entry.
Co-op mimicked its recent drop, shedding 0.4% to KES 11.80 to close the day as the worst-performing top mover. The counter has closed in the red for the third consecutive session.
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Sasini rebounded to KES 26.00, a 9.2% rally, to close the day at KES 26.00 as the top gainer. Home Afrika, on the other hand, was the leading laggard printing an 8.8% price drop to KES 0.31.
Equity turnover doubled to USD 1.2m on the back of increased foreign participation in Safaricom. Foreigners exerted their dominance in the day – accounting for 76.6% of the activity relative to 31.2% in the prior session.
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