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Daily Market Commentary – 08/03/2019


Faida Research - March 8, 2019 - 0 comments

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Market turnover increased 73% to close the week at 663Mn up from yesterday’s 387Mn. Safaricom had the highest activity followed by Equity Bank with 15Mn and 2.5Mn shares exchanging hands at close of trading with increased foreign interest on KCB Bank.

The All share index and the NSE20 share index rose 0.34 points and 10.03 to close at 156.11 and 2915.54 points respectively.

The Shilling strengthened against the dollar today to close today at 99.71.
Barclays Bank is expected to release their 2018FY results on Monday before market opens.

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