Daily Market Brief
The overall market rose by 0.8% primarily due to a 0.6% increase in the large cap counters. NSE 25 had the most gain of 0.5% followed by NSE 20 with a 0.1% expansion. The banking sector jumped by 0.3% on average.
Volumes traded rose by more than a half from 5.62Mn to 10.53Mn resulting in a 102.3% jump in turnover from KES 108.97Mn to KES 220.48Mn. Market focus was mainly in the banking and telecommunication sector which had KES 124.96Mn and KES 48.64Mn in turnover respectively.
Safaricom was the day’s top mover with KES 48.64Mn in turnover after a surge in foreign activity to 76.7% coupled with a 1.2% jump in its share price to KES 29.00. KCB Group and Equity Group came in 2nd and 3rd with KES 44.33Mn and KES 42.51Mn in turnover respectively.
Foreign activity spiked from 4.4% to 47.1% with a growth in net foreign outflow from KES 7.96Mn to KES 26.41Mn. Safaricom and Equity Group recorded major net foreign inflows while KCB Group and Stanbic experienced net foreign outflows.
Secondary bonds’ turnover rose by 39.6% to KES 6.18Bn from KES4.43Bn while number of deals jumped to 65 from 59.The most traded paper was FXD1/2021/20yr with a turnover of KES 2.54Bn.
The two re-opened papers, FXD1/2019/020 (13.2-year, 12.873% coupon) and FXD1/2022/025 (21.8-year, 14.188% coupon), are scheduled for auction on Wednesday, 7th January 2026, with settlement expected on 12th January 2026.
Watch out for our pre-auction advisory note and rate guidance.
