Daily Market Brief
The overall market gained 1.6% largely attributed by large cap counter that improved by 2.3% due to the recently released half year financials by Safaricom. NSE 20 and NSE 25 counters rose by 1.2% and 1.9% respectively. Banks jumped by 2.2% on average.
Volumes traded attracted a 43.4% improvement to 35.41Mn from 24.70Mn shares constituting to an 82.2% surge in turnover from KES 669.22Mn to KES 1219.40Mn.
Safaricom retained the top mover position with a turnover of KES 506.56Mn.This was due to the recent release of their improved half year financials were PBT rose by 63.1% from KES 33.86Bn in HY2025 to KES 55.24Bn in HY2026; PAT surged by 191.6% from KES 10.01Bn to KES 29.19Bn. The performance was supported by improved service revenue & improved Safaricom Ethiopia results.
The second and third top movers of the day were KCB Group and EABL with turnovers of KES 233.80Mn and KES 208.18Mn respectively.
Foreign activities improved from 31.4% to 37.9% with an increase in net foreign outflow from KES 310.17Mn to KES 465.27Mn. Major net foreign exits were noted on Safaricom and Equity Group while net foreign inflows happened on KCB Group.
Secondary bonds’ turnover sunk by 4.6% from KES 6.83Bn to KES 6.52Bn whereas a 29.2% decline in number of deals was noted. Investors are expected to settle back into the secondary market in the coming days.
CBK announced a Buyback offer for FXD1/2023/003 (6.7-Months – maturing on 11th May 2026) targeting to settle KES 30.00Bn out of the outstanding amount of KES 76.54Bn.
