EABL Closes At An 8-Week Low As Stanbic Tops The NSE

The market closed the session in the red with the NASI and the NSE 25 shedding 0.4% each with the N10 and the NSE 20 closing 0.6% and 0.1% down from the prior session’s level.

At the same time, Equity turnover grew ninefold to USD 4.0m (+855.2%) with foreign investors driving activity at 64.5% of the day’s turnover levels, up from 24.8% in the prior session.

As the day closed at the NSE, Stanbic Holdings was the top-traded stock, accounting for 33.8% of the day’s turnover. The counter gravitated to a position of relative stability remaining unchanged at KES 115.00.

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Safaricom followed closely at 32.0% of the day’s turnover print albeit shedding 0.3% on its price function to KES 18.05. EABL shed 3.1% in the session closing at KES 141.50 – an 8-week low.

DTB and KCB Group shed 1.1% and 0.4% to KES 46.55 and KES 35.95 respectively. Umeme, a surprise top mover, shed 4.2% to close the session at KES 16.10.

Flame Tree led the top gainers on a 7.0% to KES 1.22 while Serena led the laggards on a 7.4% drop to KES 13.75.

Foreign investors turned net buyers with a USD 943.3K net inflow print. KCB Group led the buying charge while BAT led the selling charge.

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