Safaricom Becomes Top Mover Amidst Teargas In The CBD

Safaricom was the day’s most traded top-mover, accounting for 30.7% of the day’s turnover. The counter gained by 1.1% to close the session at KES 18.70.

Absa Bank rose 0.4% during the session to KES 14.05, while Equity Group gravitated towards relative stability, closing at KES 43.50. On the other hand, Co-op bank shed 0.4% to KES 13.05.

I&M Bank was the day’s best-performing top mover, gaining 4.4% to close at KES 21.40. Bamburi edged up 0.8% during the session to KES 42.00.

Read Also: Dear Entrepreneur, Here’s Why Stock Market Is The Best Investment Opportunity For You

EABL was the day’s top gainer, up 8.9% to close at KES 152.75. On the other hand, Nairobi Business Ventures shed 9.9%, closing as the lead laggard at KES 2.19. Eveready gained 0.7% to hit a 42-week high of KES 1.53.

The market closed on a bullish note with the NASI, N10, NSE 20 and NSE 25 gaining 0.9%, 1.6%, 0.1%, and 1.3% respectively.

Equity turnover dipped by 19.9% to close the session at USD 2.9m. Local investors dominated market activity, accounting for 75.5% of the day’s turnover levels, with foreign investors accounting for 24.5%.

Foreign investors remained net buyers in the session, with net inflows of USD 432.9k. I&M led the buying charge, while Safaricom led the selling charge.

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