Daily Market Brief
Stock prices edged down by 0.8%, weighed by a 2.3% drop in the Telecommunication sector. NSE 20 gained 0.5%, while NSE 10, NSE 25, and the Banking Index fell by 0.8%, 0.4%, and 0.1%, respectively.
Value traded rose by 12.0% to KES 453.75Mn from KES 405.21Mn despite a 12.8% dip in volume traded to 13.42Mn shares from 15.40Mn shares reflecting demand for higher priced counters.
Safaricom was the day’s top mover, recording a turnover of KES 129.81Mn. KCB Group and Equity Group followed with KES 74.20Mn and KES 57.79Mn in turnover.
Foreign activity narrowed to 28.4% from 31.7% with a net foreign inflow of KES 58.57Mn. Safaricom and KCB Group were the main drivers with KES 43.00Mn and KES 20.40Mn in net foreign inflows.
Secondary bond turnover fell by 21.1% to KES 6.43Bn from KES 8.15Bn as the deals traded declined by 3.1% to 154 deals. FXD1/2021/20Yr was the most traded paper with KES 1.5Bn in turnover.
