Daily Market Brief
Overall stock market prices rose by 0.4% as measured by the Nairobi All-Share index (NASI). NSE 25 gained 0.6% followed by NSE 10 and NSE 20 with 0.2% and 0.1%, respectively. The recently added banking sector index recorded a 1.0% drop.
The shares traded dropped by 21.2% from 30.44Mn to 23.98Mn shares resulting in the market turnover dwindled to KES 865.23Mn. Equity Group emerged top mover of the day with a turnover of KES 480.49Mn followed closely by Safaricom and KCB Group with KES 119.07Mn and KES 76.56Mn turnovers, respectively.
Foreign activities improved from 45.5% yesterday to 49.4% with a decline in net foreign outflows from KES 374.47Mn to KES 4.24Mn. Major foreign activities were noted on Safaricom, Kenya Power and KCB Group.
Secondary bonds recorded a spike in the value traded from KES 2.723Bn to KES 20.83Bn with deals improving by 43.7% from 135 to 194. The market is expected to stabilize in the secondary market.
