Market Report
NSE 20 index and NASI index gained 0.45% and 0.39% respectively to close at 3,934.43 and 146.21.
Market turnover at the NSE declined by 36.1% to KES 622.3M.
Foreign investors were net buyers by accounting for 74.3% of total market purchases and 73.4% of total market sales.
Highlights
Kenya Airways Share Price set a new ALL TIME LOW during the day’s trading session when it reached Ksh 3.80. Over the last one Year,the share price is down 42.86 %. Investors have lost over Ksh 180 Billion from 2006 September when it was trading at Ksh 142 Per share to the Current price of Ksh 3.80.
KCB Bank recorded the highest net foreign inflows for the second consecutive day pushing the share price up by 1.3% to KES 40.50. On the Other hand, Equity Bank was the most heavily traded counter dominated by active foreign investors who recorded net foreign inflows to push the share price to Ksh 40.50 just like KCB.
Read; Equity Bank’s Q1 Net Profit Up 20%, says no further Acquisitions
Safaricom saw increased foreign buying after releasing its full year results today. The share price rose by 0.9% to stand at Ksh 17.10.
Read; Safaricom Profit Up 19% To KES 38Billion, Declares 30 Billion Dividend Pay
ARM Cement notably gained 8.1% to KES 36.75 to emerge the top gainer, although at very thin volumes.
