The market closed the day in the red, with the N10 and NSE 25 declining by 1.0% and 0.9%, respectively. In addition, the NASI and NSE 20 edged downwards by 0.6% each.
Equity turnover rose by 15.9% to USD 3.9m. Local investors dominated market activity, accounting for 65.6% of the day’s turnover levels, down from 86.9% yesterday.
KCB was the most traded stock, accounting for 64.4% of the day’s turnover. The counter’s price function weakened by 2.1% to KES 43.95. Resultantly, KCB Group closed the day as the worst-performing mover, largely attributable to foreign investor purchases.
Among the power stocks, KenGen advanced by 1.2% whereas Kenya Power declined by KES 6.98 – with the former closing as the best-performing mover.
Equity Group and BAT rose by 0.3% and 0.1% to KES 47.00 and KES 365.00, respectively. On the other hand, Safaricom weakened by 0.3% to KES 18.80.
Uchumi was the session’s top gainer, rising 6.5% to KES 0.33. Notably, the firm’s interim liquidator announced a creditor’s meeting on 17th March 2025. E.A Cables dropped by 4.8% to KES 2.36, making it the top loser of the day.
Foreign investors were bullish for the third time, with net inflows of USD 1.3m. Equity Group led the selling charge, while KCB Group led the buying charge.
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