Safaricom was the top traded counter in the day accounting for 71.5% of the activity levels. The counter extended its relief rally for the second session on a 0.4% gain to KES 12.00 on increased foreign trading.
Combing through the banking performance in the day, Co-op Bank and NCBA, shed 8.0% and 2.9% on local selling respectively.
The latter closed at a 10-week low of KES 36.65, with the former closing at KES 10.40 – the lowest since 11th August 2020.
KCB Group, on the other hand, shed 1.6% on foreign selling while Equity Group gained 0.7% in the day to KES 37.25 on increased foreign trading.
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Co-op Bank closed the day as the worst-performing top mover with Equity Group closing as the best-performing top mover.
NMG was a surprise top mover trading 210.2k shares among locals with the price remaining unchanged at KES 20.00
Sameer led the day’s top losers on an 8.0% dip to KES 2.30 while Express led the day’s gainers on a 9.8% rally to KES 3.69.
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Foreign investors turned bearish with net outflows of USD 226.3K. Safaricom led the selling charge with net outflows of USD 147.1K while Equity Group led the buying charge with net inflows of USD 435.
The benchmark indices closed the session in the red with the NSE 20 and NSE 25 shedding 1.0% each even as the N10 shed 1.1%. The NASI returned to negative territory after its relief rally in the previous session shedding 0.6% in the day.
Turnover Market activity was up 6.0% to USD 1.4m with foreign investors accounting for 71.1% of the day’s activity levels.
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