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Bank Of Kigali Hits 15-Week High Of Ksh 36.10 On Upcoming Book Closure

BY Soko Directory Team · June 8, 2024 10:06 am

Indices

The market closed the day relatively unchanged, with the N10 shedding 0.1%. The NASI, NSE 20, and NSE 25 remained flat during the session.

Turnover

Equity turnover shed 16.5% to close the session at USD 1.9m. Foreign investors dominated market activity for the second session, accounting for 54.7% of the day’s turnover levels, with local investors accounting for 45.3%.

In the bonds market, turnover decreased by 68.4% to KES 1.32Bn down from KES 4.17Bn the previous trading day. • The IFB segment was the highest-grossing segment of the day – accounting for 67.69% of trades above KES 50Mn. • IFB1/2024/8.5 remained the most frequently traded paper of the day.

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Performance at the counters

Equity Group was the day’s most traded top-mover, accounting for 24.1% of the day’s turnover. The counter gravitated towards a position of relative stability to close the session at KES 43.70.

StanChart was the day’s best-performing top mover, gaining 0.9% to close at KES 189.00. I&M Bank, ABSA, and KCB shed 3.4%, 1.4%, and 0.7% to close at KES 21.50, KES 13.75 and KES 36.45 respectively.

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Safaricom remained flat at KES 18.35 while EAAGADS was the day’s top gainer, up 7.4% to close at KES 14.50. On the other hand, Sanlam Kenya shed 7.3%, to close at KES 5.84 – closing as the lead laggard.

BK Group rose 0.3% to close at its 15-week high of KES 36.10. The counter’s Frw.24.18 dividend book closure is slated for 14th June 2024.

Foreign net flows

Foreign investors were bullish in the session, with net inflows of USD 405.6m. I&M led the buying charge, while BAT led the selling charge.

Read Also: The Significance of Stock Market Education And the Impact Of Foreign Investors On The NSE

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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