Bamburi clocks 95% Of Day’s Turnover, Linked To The Takeover Offer

Counters

Bamburi was the top traded counter, at 95.0% of the day’s market activity on the back of a block trade of 137.1k shares for KES 65.00 – translating to USD 68.9m in turnovers. Its price function, however, remained unchanged at KES 52.00.

Safaricom was the session’s best-performing top mover gaining 2.0% to KES 17.60. KCB Group and NCBA rose by 0.1% and 0.3% to KES 39.60 and KES 45.70, respectively while Equity Group retreated by 0.5% to KES 46.15.

Britam, a surprise top mover, dropped by 0.3% to close at KES 5.82. Carbacid was the day’s top gainer, up 2.8% to close at KES 19.95. TransCentury on the other hand retreated by 7.5% to close at KES 0.37.

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Indices

The market closed the day on a mixed note with the N10, NSE 20, and NSE 25 down 0.8%, 0.4%, and 0.5% respectively while the NASI gained 0.3%.

Turnover

Equity turnover jumped to USD 72.6m (+6,052.4%) largely driven by Bamburi’s block trade. Local investors dominated market activity, accounting for 97.4% of the turnover levels, up from 69.6% yesterday.

Foreign net flows

Foreign investors remained bullish, with net inflows of USD 98.1k. Safaricom led the buying charge while KCB Group led the selling charge.

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