Daily Market Monitor 4th December 2018

Foreign investor trading in the day declined to account for 71.5% of total market turnover from 73.2% recorded in the previous session. The top five traded counters by the foreign desk were Safaricom Plc, KCB Group Plc, Equity Group Holdings Plc, East African Breweries Limited and Kenya Re-Insurance Corporation Ltd. Net buying activity was mainly recorded in Equity, KCB, EABL and DTK while net selling was mainly on Safaricom and Kenya Re. On overall, foreign  investors were net sellers in the session reversing the previous two sessions of net buying activity.

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by Genghis Research