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Equity Beats Safaricom To Account For 37.8% Of The Day’s Turnover At The NSE

BY Standard Investment Bank · April 12, 2024 07:04 am

KEY POINTS

Equity Group dominated trading activity accounting for 37.8% of the day’s turnover. The counter gained 0.5% to KES 46.95. KCB Group and StanChart on the other hand shed 0.5% and 0.3% to KES 30.30 and KES 199.25, respectively.

The market closed the day in the green with the NASI, N10, NSE 20, and NSE 25 gaining 0.3%, 0.6%, 0.1%, and 0.5%, respectively.

Equity turnover edged downwards to USD 1.8m (-34.6%) with foreign investors dominating market activity at 67.8% of the day’s turnover levels, up from 39.2% in the prior session.

Equity Group dominated trading activity accounting for 37.8% of the day’s turnover. The counter gained 0.5% to KES 46.95. KCB Group and StanChart on the other hand shed 0.5% and 0.3% to KES 30.30 and KES 199.25, respectively.

Read Also: Safaricom Enters Eid As The Most Traded Counter On Tuesday

Safaricom gravitated to a position of relative stability, remaining unchanged at KES 16.65. EABL was the day’s best-performing top mover on a 3.3% price rise to KES 140.00.

Bamburi’s rallied for the third consecutive session up 0.5% to KES 47.55 – the highest since 13th May 2020. Liberty led the top gainers on a 9.9% rally to KES 5.44 while WPP ScanGroup shed 6.0% to KES 2.03 – closing as the leading laggard.

Foreign investors remained bullish with net inflows of USD 83.2K. Safaricom led the selling charge while KCB Group led the buying charge.

Read Also: The Key Factors That Will Drive Mobile Financial Services’ Growth

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