Daily Market Brief
Equities were marginally up on Tuesday, 8th July 2025, gaining 0.3% on average to maintain the current upward rally being witnessed. NSE 10 and NSE 20 gained 0.6% each while NSE 25 rose by 0.4%.
Market activity also accelerated up 132.2% from 13.39Mn to 29.89Mn shares to push the day’s turnover 146.4% from KES 275.25Mn to KES 678.31Mn. Safaricom emerged the day’s top mover with KES 342.50Mn after changing hands 12.59Mn shares whose price stabilized at KES 27.20 per share. The telco’s activity was dominated by foreigners at 70.9% on average. Banks came second led by Equity Group and KCB Group, see below table.
Foreign activity further improved from 32.5% to 56.7% with a major focus on Safaricom and Equity Group.
The secondary bonds market activity turned up 240.8% to trade KES 9.85Bn from 143 deals compared to KES 3.63Bn of 42 deals traded on Monday, 7th July. This is despite tomorrow’s primary auction for FXD1/2018/20 and FXD1/2018/25 papers.
The short-term paper FXD1/2018/10 emerged the day’s top mover after trading KES 2.93Bn as its yield to maturity dropped marginally from 11.137% to 1.061%. Market demand for short-term papers remained evident with six papers of below 5-years appearing on the top mover papers.
