Daily Market Brief
The overall equity market rose by 0.2% on the first trading day of the month majorly driven by a gain of 0.2% in the NSE 10 counter. NSE 25 index improved marginally by 0.1% whereas NSE 20 counter dropped by 0.5%.
Shares traded shrunk by 7.0% from 26.48Mn to 24.63 shares pushing the day’s turnover down from KES 611.04Mn to KES 528.86Mn. Market focus was mainly in the telecommunication sector which had a turnover of KES 345.88Mn.
Safaricom emerged the top mover of the day with KES 345.88Mn in turnover with its share price having a 0.9% gain to KES 29.00. Sameer and EABL were the 2nd and 3rd top movers with turnovers of KES 62.96Mn and KES 15.72Mn respectively.
Foreign activity surged to 36.4% with net foreign outflows growing from KES 75.51Mn to KES 302.04Mn. Net foreign inflows happened on DTBK and EABL while Safaricom and Jubilee Holdings experienced net foreign outflows.
Secondary bonds’ turnover grew by 85.6% to KES 9.74Bn despite the ongoing primary sale of the re-opened SDB1/2011/030 (15.2-years, 12.000% coupon) and FXD1/2021/025 (20.4-years, 13.9240% coupon) papers.
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