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Safaricom Most Traded Stock As KPLC Spikes On Thursday

BY Soko Directory Team · January 30, 2025 06:01 pm

The market closed the day on a bearish note, with the NASI, N10, NSE 20, and NSE 25 declining by 1.7%, 1.6%, 0.6% and 1.4%, respectively.

At the same time, Equity turnover declined by 55.4% to USD 1.9m. Foreign investors dominated market activity, accounting for 63.1% of the day’s turnover levels, down from 78.9% yesterday.

During the day, Safaricom was the most traded stock, accounting for 65.7% of the day’s turnover. The counter’s price function weakened by 3.3% to KES 17.70, with the telco closing as the day’s worst-performing top mover.

Among the banking sector stocks, DTB rose 0.7% to KES 70.00, partly driven by foreign investor exits while KCB Group shed 2.0% to KES 43.75. Absa gravitated to a position of relative stability, remaining unchanged at KES 17.95.

Kenya Power ascended by 5.3% to KES 6.78, largely on local investor activity. The counter’s HY2025 results are expected tomorrow. Kenya Re’s price function softened by 1.2% to KES 1.68.

Kakuzi was the session’s top gainer, rising 9.9% to KES 434.00. On the other hand, Africa Mega Agricorp (formerly Kenya Orchards Limited) dropped 10.0% to KES 63.00, making it the top loser of the day.

On the other hand, foreign investors were bearish in the session, with net outflows of USD 85.2k. Safaricom led the selling charge, while Jubilee Holdings led the buying charge.

Read Also: KCB Leads The Charge In A Promising Stock Market Year: A Closer Look at Top Performers

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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