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Kenya Airways Sustains Rising Streak, Ends The Day As Top Gainer

BY Soko Directory Team · January 14, 2025 08:01 pm

Kenya Airways continued its rising streak, up 9.8% to KES 6.92 to close as the day’s top gainer. On the other hand, Eaagads declined by 9.6% to KES 10.85 – the day’s leading laggard.

KCB Group was the most traded stock, accounting for 30.8% of the day’s turnover. The counter’s price function gravitated to a position of stability, remaining unchanged at KES 43.45.

HF Group, Kenya Re and Kenya Power rose by 8.5%, 6.1% and 2.9% to KES 6.90, KES 1.73 and KES 6.46, respectively, with the HF Group emerging as the day’s best-performing mover for the second consecutive session.

Conversely, KenGen and Safaricom softened by 2.3% and 0.5% to KES 4.18 and KES 18.10, respectively.

Read Also: Liquidity Conditions In The Money Market: A Stable Start To The Year

The market closed the day on a mixed note, with the NASI and N10 both advancing by 0.1%, and the NSE 20 rising by 0.6%. In contrast, the NSE 25 remained unchanged during the session.

Equity turnover edged upwards by 40.7% to USD 1.9m. Local investors dominated market activity, accounting for 85.4% of the day’s turnover levels, down from 95.5% yesterday.

Foreign investors were bearish in the session, with net outflows of USD 359.7k. KCB Group led the selling charge, while Jubilee Holdings led the buying charge for the second time.

Read Also: Government Borrowing in FY24/25: A Closer Look at Progress And Market Dynamics

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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