Safaricom Tops The NSE As NCBA Moves The Tables

Safaricom was the day’s most traded top-mover on Thursday, accounting for 44.6% of the day’s turnover. The counter gravitated towards a position of relative stability to close the session at KES 18.10.

At the same time, NCBA was the day’s best-performing top mover, gaining 3.3% to close at KES 41.95. Co-op Bank shed 1.1% to KES 13.50, while Kenya RE and ABSA remained flat at KES 2.80 and KES 13.85 respectively.

Home Afrika was the day’s top gainer, up 5.9% to close at KES 0.36. On the other hand, Nation Media Group Kenya shed 10.00%, closing at KES 18.00 (55-week low) as the lead laggard.

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Liberty Kenya’s KES 0.373 and Bank of Kigali Group’s Frw.24.18 dividend book closure later today.

The market closed with mixed results: the NASI and NSE 25 rose by 0.1% each, the N10 by 0.2%, while the NSE 20 dropped by 0.8%.

Equity turnover increased 51.1% to close the session at USD 2.4m. Local investors dominated market activity, accounting for 82.2% of the day’s turnover levels, with foreign investors accounting for 17.8%.

Foreign investors were bearish in the session, with net outflows of USD 36.9m. Equity Group led the buying charge, while Safaricom led the selling charge.

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