BK Group Gets Many Unawares As Top Mover Of The Day

The Nairobi Securities Exchange (NSE) concluded the trading session with mixed results. The NASI, NSE 10, and NSE 25 indices declined by 1.2%, 0.7%, and 0.5%, respectively, while the NSE 20 index rose by 0.6%.

Equity turnover increased by 19.2% to USD 2.6 million. Local investors accounted for 51.1% of the day’s turnover, a decrease from 87.7% in the previous session.

BK Group emerged as the leading mover, contributing 42.7% of the day’s turnover, with its share price appreciating by 5.1% to KES 35.00, primarily due to foreign investor activity.

KCB Group’s share price edged down by 0.1% to KES 44.55, largely attributed to foreign investor exits. Meanwhile, DTB and I&M Holdings maintained their share prices at KES 78.00 and KES 36.00, respectively.

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Safaricom’s share price declined by 3.9% to KES 17.40, coinciding with the company’s KES 0.55 interim dividend book closure.

EAPCC was the top gainer of the session, with its share price increasing by 8.5% to KES 38.75. Conversely, WPP Scangroup was the day’s top loser, with its share price dropping by 9.6% to KES 3.20.

Foreign investors were net sellers during the session, recording net outflows of USD 81.3k. EABL led the selling activity, while the NSE led the buying activity.

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