Foreign, local investors split DSE activity dominance

The market report shows foreign investors have continued to dominate the selling activity, while local investors are dominating the buying activity.

During the first three weeks of this month, total turnover from shares sold by foreign investors amounting to 1.8bn/- which is 58.69 percent of total value of share sold in the market, against 41.31 percent by local investors.

The report also shows on the side of buying shares, local investors are dominating as they account for 78.60 percent of total turnover from share sold, against 21.40 percent by foreign investors.

During the reviewed period, a total market turnover of 3.1bn/- has been recorded, of which foreign investors have bought shares valued 682.75mn/-.

The daily market report for Thursday show a total turnover of 1.15bn/- was recorded, of which local investors dominated the buying activity by 100 percent, while foreign investors dominated the selling activity with 85.71 percent (987.44mn/-).

Top mover during the day was CRDB Bank which transacted 2,396,448 shares valued 1.13bn/- in normal board at weighted price of 475/- per share in 33 deals, followed by DCB Commercial Bank, which transacted 5,700 shares valued 798,000/- at a price of 140/- per share in one deal.

Other top movers were NICO, the collective investment scheme, which transacted 4,760/- shares valued 2.3mn/- at a price ranging from 485/- to 495/- per share in five deals, followed by Swissport, which transacted 3,152 shares valued 5.3mn/- at a price ranging from 1,660/- to 1,700/- per share in three deals.

Top gainers were NICO and Swissport, which their share price appreciated by 1.02 percent and 2.44 percent respectively.