Bamburi clocks 95% Of Day’s Turnover, Linked To The Takeover Offer
KEY POINTS
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.
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.
About Soko Directory Team
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
