Daily Market Brief
Stock prices edged down by 0.2%, primarily weighed down by a decline in the Energy (1.0%) and the Insurance (0.8%) sectors. Despite the dip, NSE 10 and NSE 25 gained 0.6% each, while NSE 20 rose by o.4%. The banking index advanced by 0.8%.
The day’s turnover rose by 26,582.2% to KES 107,748.90Mn from KES 403.82Mn attributed by a 9,584.5% surge in volume traded to 1,101.69Mn shares from 11.38Mn shares.
The spike in market activity followed an NCBA block trade of 1.09Bn shares worth KES 107.38Bn, linked to Nedbank’s acquisition of a 66% stake in the bank from existing shareholders.
NCBA Group was the day’s top mover with KES 170,387.12Mn in turnover accounting for 99.7% of total turnover. Safaricom and KCB Group followed with a turnover of KES 126.03Mn and KES 46.57Mn respectively.
Secondary bond value traded fell by 21.3% to KES 5.35Bn as investor focus shift towards the primary bond auction scheduled for tomorrow, 4th November 2026.
CBK reopened two more papers for the month of November, FXD3/2019/015(7.8 years, 12.340% coupon) and FXD1/2026/030(29.5years, 12.500% coupon), targeting KES 50Bn from the market. Find our bidding rates below.
