Market Snapshot
The Nairobi Securities Exchange 20 share Index(NSE 20) last week fell for the fifth straight week to 3867.50 points while the Nairobi All Share Index (NASI) gained by 0.8%.
Turnover on the Equities market was up by 32.2% to Ksh 2.7 Billion (USD 27.2M) to record the highest turnover in two months.
Foreign investors emerged net buyers to record the highest net inflows of 2016 of about Ksh 60 Billion(USD 6.02M).Their participation was at 69.5% compared to the previous week’s 64.2%. EABL and Equity Bank were the top movers after accounting for 48.5% of market activity. The foreigners were seen fleeing KCB following a disappointing Q1 2016 numbers, the bank recorded the highest net foreign outflows of about Ksh 110 Million (USD 1.1m) which represents 81% of total net outflows.
Upcoming events Monday 30th – Friday 3rd June 2016
Kenyan Wallstreet Monthly Market report for May 2016
In this article
30th May-Coperative Bank of Kenya Book Closure
31st May Kakuzi Book Closure
31st May WPP Scan Group AGM
2nd June Nairobi Securities Exchange 2016 AGM
2nd June Nairobi Securities Exchange Bonus Issue and Book Closure
2nd June Bamburi Cement 2016 AGM
Source; Kenyan wallstreet, SIB, Bloomberg
