Safaricom Moves The Counters, Accounting For 58.5% Of Thursday’s Activities
The market closed the session on a mixed note as reflected by the benchmark indices performance. The NASI and the NSE 25 shed 0.3% and 0.1% respectively while the N10 and the NSE 20 gained 0.1% and 0.2% respectively.
Equity turnover edged downwards to USD 0.7m (-18.1%) with local investors dominating market activity at participation levels of 57.4% up from 52.9% in the prior session.
Safaricom was the day’s top mover, accounting for c. 58.5% of the activity levels. The counter cooled off its relief rally on a 0.7% slide to KES 13.50.
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Banking stocks dominated the top mover chart with Equity Group, KCB Group, and NCBA shedding 0.8%, 0.7%, and 0.3% to KES 37.70, KES 19.95, and KES 37.50 respectively. Notably, KCB touched a six-week low.
Bamburi was the day’s surprise top mover on KES 4.5m turnover print. The counter shed 1.2% to KES 39.75. NBV was the day’s top gainer on a 6.2% rally to KES 2.24 while Sanlam shed 9.7% to KES 6.34 – closing as the leading laggard.
Foreign investors turned bullish after six sessions of net selling. They printed inflows of USD 133.5K. Equity Group led the buying charge while KCB Group led the selling charge.
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