Daily Market Brief
The overall market prices dropped by 1.4% as measured by the Nairobi All-share index. NSE 20 declined by 0.9% followed by NSE 10 and NSE 25 counters with 0.8% each.
Shares traded decreased by 33.1% from 27.98Mn to 18.73Mn shares. As such, the market turnover decreased by 28.7% from KES 588.02Mn to KES419.53Mn.
Safaricom retained the top mover position with a turnover of KES 233.61Mn. The second and third top movers of the day were KCB Group and Kenya Power with KES 75.92Mn and KES 25.25Mn turnovers, respectively.
Foreign activities rose from 35.1% to 53.0%. This was brought about by an increase in foreign sales, from KES 181.73Mn to KES 242.46Mn, and a drop in foreign buys, from KES 234.72Mn to KES 202.37Mn, hence resulting in a net foreign outflow of KES 40.09Mn.
Secondary bonds value traded rose from KES 7.486Bn to KES 8.954Bn despite the ongoing primary sale of FXD1/2018/015 (7.7 years) of 12.65% coupon and FXD1/2021/020 (15.9-years) of 13.444% witnessed in the last one week.
The primary auction for FXD1/2018/015 and FXD1/2021/020 is scheduled for 15 October for a value payment on 21st October 2025.
