Daily Market Brief
The overall market fell by 1.3% as measured by the Nairobi All Share Index. NSE 10 counter shrank the most by 1.4% followed by NSE 20 and NSE 25 counters with a drop of 0.8% each. The banking sector recorded a 0.6% decline on average.
Shares traded jumped by more than a half from 17.56Mn to 49.47Mn shares resulting in a surge in the day’s turnover from KES 598.13Mn to KES 1602.70Mn. Market concentration was in the Banking and Telecommunication sector which moved KES 1,132.04Mn and KES 287.98Mn in turnover respectively.
KCB Group emerged as the top mover with KES 548.68Mn in turnover followed by Equity group and Safaricom with turnovers of KES 424.53Mn and KES 287.98Mn respectively.
Foreign activity weakened to 20.8% with a net foreign inflow of KES 4.59Mn. Major net foreign inflows happened on Equity Group and Safaricom while net foreign outflows happened on Stanbic and Stan-Chart.
Secondary bonds’ turnover grew by 40.3% from KES10.95Bn to KES 15.36Bn after the two December papers entered the secondary market. FXD1/2021/25yr, one of the recent December papers, was the most traded.
