Khusoko – East African Markets
    Facebook Twitter Instagram
    Khusoko – East African MarketsKhusoko – East African Markets
    • NEWS
    • ECONOMY
      • BANKING & FINANCE
      • COMPANY
      • MARKETS
    • INDUSTRY
      • AGRICULTURE & ENVIRONMENT
      • HEALTH & WELLNESS
      • PROPERTY
        • RETAIL
      • TECHNOLOGY
        • ELECTRONICS
    • ENTREPRENEURSHIP
      • ENTREPRENEURS
      • PEOPLE
      • PERSONAL FINANCE
    • SPORTS
    • COMMENTARY
    • ARTS & CULTURE
      • BOOKS
      • ENTERTAINMENT
      • FAMILY & RELATIONSHIPS
      • FASHION & STYLE
      • FOOD & DRINK
      • TRAVEL & LEISURE
    Khusoko – East African Markets
    MARKETS

    Kenyan Equity Market Indices Vibrant with Foreign Investors Remaining Net Buyers

    KhusokoBy Khusoko2019-03-25No Comments1 Min Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Tight liquidity could accelerate upward pressure on yieds
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The key Kenyan equity market indices closed higher despite NSE (Nairobi Securities Exchange) 20 share index NSE 20 likely attributable to a dip in BAT’s price (-5.2% w/w).

    During the week, NASI and NSE 25 gained by 1.2% and 1.0%, respectively, while NSE 20 declined by 0.3%, taking their YTD performance to gains of 13.9%, 1.9% and 12.0% for NASI, NSE 20 and NSE 25, respectively.

    EABL was the top five traded highest gainer (+2.9%), owing to buying interest from the foreign desk while Kenya Re-Insurance recorded the highest loss in its share price (-13.7%), among the top movers in the week, owing to high sell-offs from the foreign desk after announcement of a profit warning for its FY18 results.

    Foreign investor activity averaged 62.0% of total NSE turnover in the week from 75.9% the previous week, recording net inflows of Ksh 135.1 million

    Safaricom was the highest traded counter by the foreign desk accounting for 32.7% of total foreign trades.

    As the deadline closes in for FY18 results release, we expect increased activity across the market though still concentrated on the index counters during the week.

    Source- Genghis Capital Weekly Strategy

    Kenyan equity market
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Khusoko

    Multimedia platform providing analysis of business & financial news in East Africa.

    Related Posts

    East African CEOs Report Optimistic Outlook for Next 12 Months

    2023-03-22

    Protests Rock Kenya’s Capital as Businesses Stare at Heavy Losses

    2023-03-20

    Kenya, US to Hold In-Person Proposed Trade Talks in April 2023

    2023-03-20

    Leave A Reply Cancel Reply

    Our Language is Flirty
    https://www.facebook.com/flirtynailsparlour/
    MORE TOP STORIES
    • DTB to Keep Focus on SME and Retail Customers, Opens 3 Branches
    • East African CEOs Report Optimistic Outlook for Next 12 Months
    • M-PESA Africa Opens $2mn Shared Service Operations Centre
    • Kakuzi’s FY Profit Up 62% to Ksh 845.8 mn, Recommends Ksh24 Per Share
    • Safaricom Confirms Fawzia Ali as Chief Consumer Business Officer
    • Facebook
    • Twitter
    • LinkedIn
    Facebook Twitter LinkedIn
    • ABOUT US – KHUSOKO
    • PRIVACY POLICY
    • KHUSOKO STANDARDS GUIDE
    © 2023 Khusoko. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.