The market closed the session on a mixed note with the NASI gaining 0.1% while the NSE 20 lost 0.3% in the day. The N10 and the NSE 25, on the other hand, shed 0.2% each.
Equity turnover edged upwards to USD 1.1m (+3.0%) with local investors dominating market activity, accounting for 52.3% of the day’s turnover up from 26.2% in the prior session.
Safaricom was the top traded stock, accounting for 48.4% of the day’s turnover. The counter gained 0.4% to KES 13.55 – a relief rally that comes on the back of a six-session bear run broken yesterday when the counter gravitated to a point of relative stability.
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Banking stocks dominated the top mover chart. KCB gained 3.5% to KES 21.95 while NCBA and Co-op bank shed 0.6% and 1.8% to close at KES 39.00 and KES 11.05 respectively. The latter was the day’s worst-performing top mover. Stanbic, on the other hand, remained unchanged at KES 105.00
EABL extended its losing streak to the seventh session. The counter shed 0.5% to KES 108.00 – extending its all-time low.
East African Portland Cement was the leading laggard of the session, down 8.3% to KES 8.00 while Eaagads was the leading gainer, soaring 9.0% to KES 13.95.
Foreign investors remained net sellers with net outflows of USD 360.9K. Safaricom led the selling charge while KCB Group led the buying charge for the second consecutive day.
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