Daily Market Brief
The stock market edged up 1.0% with NSE 25 counter having the most gain of 1.6% followed by NSE 10 and NSE 20 counters with gains of 1.5% and 1.2% respectively. The banking sector jumped by 2.3% on average.
Shares traded more than doubled from 10.73Mn to 28.14Mn constituting to a 269.6% rise in the day’s turnover from KES 220.48Mn to KES 814.94Mn. Market concentration was in the banking and telecommunication sector which moved KES 412.85Mn and KES 346.85Mn in turnover respectively.
Safaricom retained the top mover position with KES 346.85Mn in turnover after a surge in volume traded from 1.68Mn to 11.96Mn. The second and third top movers of the day were KCB group and Equity Group with turnovers of KES 158.39Mn and KES 156.99Mn respectively.
Foreign activity surged to 52.7% with a net foreign inflow of KES 207.87Mn from a net foreign outflow of KES 26.41Mn. Major net foreign inflows happened on Safaricom, Equity Group and KCB Group while net foreign outflows happened on Absa Gold and I&M Group.
Secondary bonds’ turnover dwindled by 69.1% to KES 1.91Bn from KES 6.18Bn while number of deals rose from 65 to 75. The most traded paper was FXD1/2021/20Yr with KES 346.0Mn in turnover whereas its yield moved to 12.5980% from 13.1810%.
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. Find our pre-auction advisory note shared earlier.
