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BAT Extends Multi-Year Low To Ksh 355.25

BY Standard Investment Bank · June 18, 2024 06:06 pm

The market closed the session in the red with the NASI, the N10, and the NSE 25 shedding 0.4% each. The NSE 20 on the other hand shed 0.7% in the session.

Equity turnover edged upwards to USD 1.3m (+305.4%) with local investors driving activity at 70.5% of the day’s turnover levels, down from 99.7% in the prior session.

BAT was the top-traded stock, accounting for 23.9% of the day’s turnover. The counter extended its multi-year low, down 1.3% in the session to KES 355.25 – closing as the day’s worst-performing top mover.

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Of the top traded banking stocks, StanChart and Equity Group shed 0.5% and 0.6% to KES 196.75 and KES 43.65 respectively. ABSA, on the other hand, gained 0.4% to KES 13.95.

Safaricom gained 0.5% to KES 18.30 while Kenya-Re remained unchanged at KES 2.80. Eveready gained 5.6% to KES 1.51 closing the day as the top gainer. Liberty, on the other hand, shed 9.5% to KES 5.32 – closing as the leading laggard, with the counter trading ex-dividend.

Foreign investors turned net buyers with a USD 46.4K net inflow print. StanChart led the buying charge while Safaricom led the selling charge.

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