EAPCC Jumps 7.0% To Hit A Record High

The market closed on a mixed note, with the NASI, N10 and NSE 25 declining 0.6%, 0.7% and 0.5%, respectively. On the other hand, the NSE 20 gained 1.1%.

Equity turnover advanced by 136.3% to close the session at USD 2.5m. Local investors dominated market activity, accounting for 68.2% of the day’s turnover levels, down from 90.5% in the prior session.

Safaricom was the day’s most traded top-mover, accounting for 26.9% of the day’s turnover. The counter declined by 1.3% to close the session at KES 15.00.

KCB Group ticked up by 1.5% to KES 33.85 whereas Equity Group contracted by 2.9% to KES 42.00.

Kenya Orchards, a surprise entrant, declined by 4.0% to close the session as the worst-performing top mover at KES 19.00. On the other hand, Bamburi Cement rose 0.6% to KES 80.50.

Kenya Power sustained its rising streak, emerging as the day’s best-performing top mover. The counter rose 5.9% to KES 3.77, largely driven by local investor activity.

Nairobi Business Ventures was the day’s top gainer, up 9.9% to close at KES 2.10. On the other hand, Eveready declined by 8.9% to KES 1.02 – closing as the session’s leading laggard. EAPCC gained 7.0% to close at KES 18.35 – the highest since 16th October 2019.

Foreign investors turned bullish in the session, with net inflows of USD 521.2K. Safaricom led the selling charge while Equity Group led the buying charge.

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