Daily Market Brief
The overall market rose by 0.7% primarily due to a 0.9% increase in the most liquid counters. NSE 25 had a gain of 0.7% followed by NSE 20 with a 0.4% growth. The banking sector jumped by 0.9% on average.
Volumes traded more than doubled from 9.16Mn to 20.18Mn resulting in a 73.0% jump in turnover from KES 352.18Mn to KES 609.23Mn. Market focus was mainly in the banking and telecommunication sector which had KES 328.65Mn and KES 177.13Mn in turnover, respectively.
KCB Group was the day’s top mover with KES 194.30Mn in turnover after a surge in foreign activity to 7.8%. Safaricom and EABL came in 2nd and 3rd with KES 177.13Mn and KES 35.98Mn in turnover respectively.
Foreign activity shrunk from 22.7% to 18.7% with a net foreign outflow of KES 150.27Mn. Absa Bank and Equity Group recorded major net foreign inflows while KCB Group, Stanbic and Safaricom experienced net foreign outflows.
Secondary bonds’ turnover fell by 12.5% to KES 13.93Bn from KES 15.92Bn while number of deals dropped to 109 from 280.The most traded paper was FXD1/2022/25yr with a turnover of KES 4.07Bn.
The Central Bank of Kenya re-opened two papers for February 2026 primary auction, FXD3/2019/15 (8.4-years, 12.340% coupon) and FXD1/2018/25 (17.3-years, 13.400% coupon), targeting KES 50 billion for budgetary support.
