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Indices Close In The Red As Equity Turnover Contract By 69.9%

BY Soko Directory Team · November 12, 2024 08:11 am

KEY POINTS

EABL was the most traded stock, accounting for 21.7% of the day’s turnover. The counter rose by 0.1% to close at KES 193.00, largely driven by foreign investor purchases.

KEY TAKEAWAYS

Safaricom and Diamond Trust Bank declined by 1.6% and 1.4% to KES 15.40 and KES 51.25, respectively. Kenya Re shed 3.5% to close as the worst-performing top mover at KES 1.10 as foreign investors mainly exited the counter.

Indices

The market closed in the red, with the NASI declining by 0.5% and the NSE 20 and NSE 25 inching lower by 0.1% each. On the other hand, the N10 remained largely unchanged.

Turnover

Equity turnover contracted by 69.9% to USD 0.8m. Local investors dominated market activity, accounting for 77.7% of the day’s turnover levels, up from 43.6% in the prior session.

Read Also: Equities Spiked In The First 3 Months Of 2024 On Account Of Gains In Large Stocks

Counters

EABL was the most traded stock, accounting for 21.7% of the day’s turnover. The counter rose by 0.1% to close at KES 193.00, largely driven by foreign investor purchases.

Amongst the top mover energy stocks, KenGen rose 0.3% to KES 3.99 whereas Kenya Power gravitated towards a position of relative stability at KES 4.76. The former emerged as the day’s best-performing top mover, buoyed by local investor activity.

Safaricom and Diamond Trust Bank declined by 1.6% and 1.4% to KES 15.40 and KES 51.25, respectively. Kenya Re shed 3.5% to close as the worst-performing top mover at KES 1.10 as foreign investors mainly exited the counter.

EAPCC was the day’s top gainer, up 8.9% to KES 38.35 for the second time while Kapchorua Tea shed 9.8% to KES 224.00 – closing as the leading laggard.

Foreign net flows

Foreign investors turned bullish for the second time, with net inflows of USD 107.2k. EABL led the buying charge for the third time while Kenya Re led the selling charge.

Read Also: Equities On A Downward Trajectory As Big Stocks Take A Hit 

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system. Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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