Shareholders Wealth Expands 24.87 Bn as Equities Close the Week High

Equities persisted a gaining trend from the previous session, as all the major indicators closed the week on a high on increased turnover.

Shareholders’ wealth expanded by 24.87 billion in the session on the back of a general price increase in the session.

Kenol Kobil Ltd (NSE: KENO) drove Friday’s activity, accounting for 91.3 percent of total activity exuding foreign investor interest who held onto the selling side of the counter.

All the top 5 movers in the session closed unchanged in price except Safaricom Plc (NSE: SCOM) and East African Breweries Ltd (NSE: EABL) which closed 0.85 percent and 0.84 percent higher (respectively).

Foreign investor activity burgeoned in the session to account for 96.28 percent of total market activity from 58.54 percent recorded previously.

Notably, Kenol Kobil Ltd (NSE: KENO) accounted for 94.67 percent of foreign activity, recording the day’s highest net foreign outflows while Safaricom Plc (NSE: SCOM) recorded the day’s highest net inflows.

On the overall, foreign investors were net buyers in the session for the third consecutive session.

Bond turnover increased to 0.92 billion shillings (+29.30 percent) from 0.71 billion shillings on 23 deals compared to 30 deals in the previous session.