Safaricom Enters Eid As The Most Traded Counter On Tuesday

The market closed the day in the red with the NASI, N10, NSE 20, and NSE 25 shedding 1.1%, 1.4%, 0.2%, and 1.2%, respectively.

Equity turnover edged downwards to USD 2.7m (-24.6%) with local investors dominating market activity at 60.8% of the day’s turnover levels, up from 36.9% in the prior session.

Safaricom was the day’s top-traded stock accounting for 40.7% of the day’s turnover. The counter shed 0.9% in the session to close at KES 16.65.

Read Also: Safaricom Kicks Off The Week As The Top Traded Stock, Accounts For 61%

Of the top traded banking stocks, Stanbic shed 2.6% to KES 120.75, closing as the worst-performing top mover. Similarly, Equity Group and StanChart shed 1.0% and 0.4% to KES 46.70 and KES 199.75, respectively. KCB Group, on the other hand, remained unchanged at KES 30.45

BAT shed 0.1% in the session to close at KES 410.25. TransCentury led the top gainers on a 10.0% rally to KES 0.66 while East African Portland Cement shed 9.1% to KES 7.20 – closing as the leading laggard.

Foreign investors remained bullish with net inflows of USD 1.4m. BAT led the selling charge while KCB Group led the buying charge for the second session.

Read Also: Safaricom Tops The NSE, Accounts 65% Of All Trading