Safaricom Dominated Trading Activity On Tuesday, Accounting For 49.6%

The market closed the day on Tuesday in the green, with the NASI and NSE 20 rising by 1.1% and1.9%, respectively. Additionally, the N10 and NSE 25 inched upwards by 0.8% each.

Equity turnover declined by 47.5% to close the session at USD 4.4m. Foreign investors led market activity, accounting for 50.4% of trades, up from 38.4% yesterday.

Safaricom dominated trading activity, accounting for 49.6% of the day’s turnover. The counter’s price function advanced by 1.4% to KES 28.50, mainly attributable to foreign investor activity.

Among the top-mover banking stocks, Equity Group and Stanbic rose by 0.9% and 0.5% to KES 56.00 and KES 183.75, respectively. On the other hand, KCB Group remained unchanged at KES 54.00.

Kenya Power and BAT notched higher by 5.5% and 0.5% to KES 12.40 and KES 442.00, respectively, with the former closing the day as the best-performing mover.

Express was the day’s top gainer, up 10.0% to close at KES 5.50. On the other hand, Satrix MSCI World Feeder ETF shed 5.8% to KES 14.70, closing as the session’s leading laggard.

Foreign investors turned bullish in the session, with net inflows of USD 167.4K. Stanbic led the selling charge while Safaricom led the buying charge.

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