Daily Market Brief
The stock market posted a 0.4% rise, largely attributed by a 0.5% jump in the NSE 10 counters. NSE 20 and NSE 25 counters shot up by 0.1% and 0.4% respectively while banks expanded by 0.4% on average.
Volumes traded dropped by 49.2% to 5.62Mn from 11.07Mn constituting to a 22.3% decline in turnover from KES 140.24Mn to KES 108.97Mn.
NCBA Group retained the top mover position with KES 43.49Mn in turnover after a jump in shares traded from 0.33Mn to 0.51Mn as well as an increase in its share price by 1.2% from KES 84.00 t0 KES85.00 per share. KCB Group and Safaricom took 2nd and 3rd mover positions with KES 13.11Mn and KES 5.79Mn in turnover respectively.
Foreign activities contracted from 6.0% to 4.4% with a slight drop in net foreign outflow to KES 7.96Mn from KES 16.24Mn. Major net foreign inflows were experienced on Equity Group while net foreign outflows happened on KCB Group, Co-op bank and Absa Gold.
Secondary bonds’ turnover sunk by 20.3% from KES 5.56Bn to KES 4.43Bn while number of deals dropped from 116 to 59.The most traded paper was FXD1/2023/10yr with a turnover of KES 920.0Mn.
The Central Bank of Kenya re-opened two papers for January 2026 primary auction, FXD1/2019/020 (13.2-years, 12.873% coupon) and FXD1/2022/025 (21.8-years, 14.188% coupon), targeting KES 60Bn for budgetary support. At the same time, they announced a Switch of KES 20.00Bn from FXD1/2016/010 (0.6-years, 15.0390% coupon) to FXD1/2022/015 (11.3-years, 13.9420% coupon).
