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Daily Market Commentary – 18/03/2019


Faida Research - March 18, 2019 - 0 comments

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Equities turnover dropped -33.11% to settle at 966Mn down from 1.4Bn witnessed as at close of last week. Safaricom was the most traded counter today, with 12Mn shares exchanging hands by end of trading today. KCB and Equity Bank rallied behind Safaricom with a joint volume of 10Mn shares.

The All share index and the NSE20 share index both upped by 2.08 and 7.76 to close at 160.15 and 2903.80 points respectively.

The Shilling remained relatively stable against the dollar today to close today at 100.30 East African Cables Plc had a corporate announcement; Appointment of a director.

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