The market closed the day in the green, with the NASI, N10, NSE 20, and NSE 25 rising by 1.1%, 0.2%, 0.4% and 0.9%, respectively.
Equity turnover inched upwards by 20.8% to USD 2.9m. Local investors led market activity, accounting for 89.6% of trades, up from 78.3% yesterday.
Safaricom dominated trading activity, accounting for 49.2% of the day’s turnover. The counter’s price appreciated by 2.1% to KES 26.55, partly driven by foreign investor activity.
Amongst the top mover banking stocks, NCBA notched higher by 8.0% to close at a record high of KES 81.25. Notably, Stanbic Holdings released a press release regarding the speculated transaction, here. On the other hand, KCB Group eased by 0.9% to KES 57.00, largely attributable to foreign investor purchases.
Amongst the top mover power counters, Kenya Power tapered by 5.8% to KES 12.15 while KenGen remained unchanged at KES 9.10.
The Absa Gold ETF rose by 0.8% to KES 5,090.00, mainly linked to foreign investor exits. Shri Krishana Overseas was the session’s top gainer, up 10.0% to KES 8.16. Conversely, Kapchorua shed 10.0% to KES 355, closing as the day’s leading laggard, likely linked to its recent bonus issue book closure.
Foreign investors were bullish in the session, with net inflows of USD 162.2k. Absa New Gold ETF led the selling charge while Safaricom led the buying charge.