East Africa Breweries and Kenya Commercial Bank dominated trading on Monday at the Nairobi Securities Exchange (NSE), jointly accounting for 70 per cent of total traded turnover at the bourse on the back of foreign investor trades.
East Africa Breweries Limited (EABL) led the market in turnover at Sh97.3 million, while Kenya Commercial Bank (KCB) traded Sh84.7 million worth of shares.
The total turnover for the market stood at Sh259 million.
With most other counters having a quiet day at the bourse, the NSE 20 share index was largely flat, gaining only one point to end the day at 2963 points.
The market capitalisation of the NSE grew by Sh4 billion to stand at Sh1.764 trillion.
“Equity turnover rose 15.5 per cent to Sh259 million. Activity was mainly concentrated on KCB and EABL, which jointly accounted for 70.3 per cent of total turnover. Foreign investors were net sellers and accounted for 76.8 per cent of market activity,” said Standard Investment Bank in a daily market report.
The losers and gainers list was dominated by small cap stocks.