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Daily Market Commentary – 01/03/2019


Faida Research - March 1, 2019 - 0 comments

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Market turnover decreased today by 20.80% to 706.87Mn as compared to yesterday’s turnover of 892.81Mn, Safaricom had majority of the activities today with about 9.1 Mn shares traded today valued at 238Mn. The All share index and the NSE 20 share indices upped by 0.35 and 21.99 points to close at 152.91and 2916.19 respectively.

The bond market dropped in activity recording a drop of -29.19% in activity to settle at 1.8Bn as compared to yesterday’s turnover of 2.5Bn.

Stanbic Holdings Plc released their results today and declared a final dividend of 3.50, this saw a 1.60% rise in the value of the stock.

Unga Group Plc released their Half Year Results this morning before market opened. Despite the negative reporting, the stock realised by 1.66%.

More of these reports will be shared in detail in our weekly reports.

The Shilling remained relatively stable against the dollar today to close the week at 100.09

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