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Foreign Investors Salivating For Equity Shares

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Equity Group was the top mover at the stock market as foreign investors made a beeline for the counter. This is on the back of news that its Chief Executive Dr James Mwangi had joined the global league of 14 CEOs selected to draw a roadmap for economies and corporates in the post-COVID-19 era.

Equity, with a market capitalization of Ksh134.53 Billion, edged out Safaricom as the most traded counter resulting in a turnover of Ksh1.01 billion transacted in 103 deals that were dominated 94.6% by foreign investors. Its share price, however, declined 0.56% to Ksh35.65 from the previous Ksh35.85.

Safaricom was the second most traded counter at the bourse after Equity with a volume of 10.56 Million and a turnover of Ksh316.73 Million in 123 deals that had 93.9% foreign investor’s participation.

Other top movers included KCB with a volume of 1.08 million shares, a turnover of Ksh41.06 million in 69 dealings that were mostly dominated by local investors. It traded at the price of Ksh38.15 up 0.39% from the previous Ksh38.00.

Source: Mystocks.co.ke

ABSA Bank traded at the price of Ksh9.90 from the previous Ksh9.85 resulting in a turnover of Ksh 10.25 million while Co-op Bank closed the league of 5 top movers, trading at the price of Ksh 11.90, resulting in a turnover of 11 million. Activity on this counter was also dominated by local investors.

The Manufacturing & Allied sector had shares worth Ksh 29 million transacted & accounted for 2.04% of the day’s traded value. East Africa Breweries rose by 1.40% to Ksh163.00, up from Ksh160.75 registered the previous session with shares worth Ksh 26.8 million transacted. B.A.T moved 5,000 shares worth KSh 2Million and closed at KSh 343.25.

The top gainer at the bourse was South Africa-based Sanlam Insurance whose share price appreciated by 9.17% to Ksh 13.10, followed by Unga which was up 6.49% to Ksh32.00, Sasini up 5.26% to Ksh20.00, Sameer Africa and Total.
The worst-performing stocks were led by Express Kenya followed by East African Cables, Carbacid Investments Plc, NSE and Umme Limited, Uganda’s largest energy distributor.

The bond market had bonds worth Ksh1.6 billion when trading ended this Thursday.

See Also >> Rich Kenyans Earn Billions From Selling a Bank

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BT Reporter
BT Reporterhttp://www.businesstoday.co.ke
editor [at] businesstoday.co.ke
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