Daily Market Brief
Stock prices shed 0.1% on average as measured by the Nairobi all-share index (NASI). NSE 10 lost the most at 0.5% followed by NSE 25 with a 0.3% drop. However, NSE 20 gained 0.4% while the banking sector grew by 0.1%.
Shares traded jumped by 12.7% from 28.82Mn to 32.49Mn shares leading to a 49.3% rise in the day’s turnover from KES 598.22Mn to KES 893.29Mn. Focus was majorly in the telecommunication and banking sector with turnovers of KES 392.36Mn and KES 371.25Mn.
Safaricom retained the top mover position with KES 392.36Mn in turnover followed by KCB Group and Equity Group with KES 133.51Mn and KES 111.11Mn in turnover respectively.
Foreign activity surged from 29.8% to 42.4% with a rise in net foreign outflows from KES 77.94Mn to KES 115.86Mn.
Secondary bonds’ turnover increased by 70.1% from KES 8.05Bn to KES 13.69Bn while number of deals moved from 138 to 184. FXD1/2018/15yr was the most traded paper with KES 5.00Bn in turnover.
The Central Bank of Kenya announced a Switch of KES 20.00Bn from FXD1/2016/010 (0.6-years, 15.0390% coupon) maturing on 17th August, 2026 to FXD1/2022/015 (11.3-years, 13.9420% coupon) in a move that is seen to re-structure its debts.
