The market closed the day in the red, with the NASI and NSE 25 inching lower by 0.1% each. Furthermore, the N10 softened by 0.4% while the NSE 20 remained unchanged.
Equity turnover slipped by 41.1% to close the session at USD 2.6m. Local investors led market activity, accounting for 62.1% of trades, up from 41.5% on the Friday prior.
KCB Group dominated trading activity, accounting for 27.7% of the day’s turnover. The counter’s price rose by 0.9% to KES 54.25, primarily driven by local investor activity.
The Absa Gold ETF and Equity Group advanced by 1.4% and 0.5% to KES 4,490.00 and KES 54.25, respectively. EABL, Safaricom, and DTB gravitated to a position of relative stability, remaining unchanged at KES 211.75, KES 28.70, and KES 104.74, respectively.
Limuru Tea was the session’s top gainer, up 10.0% to KES 374.75. On the other hand, Home Afrika shed 9.8% to KES 1.01, closing as the day’s leading laggard. Notably, Umeme’s share price tapered by 8.6% to KES 7.62 – the lowest since January 11, 2023.
Foreign investors were bearish in the session, with net outflows of USD 590.8k. The ABSA New Gold ETF led the selling charge while Equity Group led the buying charge.
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