Daily Market Brief
The Equity market stabilized at 176.77 points as measured by the Nairobi All Share Index. NSE 25 counter jumped the most by 0.2% followed by NSE 10 and NSE 20 counters with an expansion of 0.1% each. The banking sector recorded a 0.4% growth on average.
Shares traded shrank by 27.8% from 49.47Mn to 35.70Mn shares resulting in a drop in the day’s turnover from KES 1602.70Mn to KES 1224.70Mn. Market focus remained in the Banking and Telecommunication sector which moved KES 683.18Mn and KES 494.28Mn in turnover respectively.
Equity Group emerged as the top mover with KES 604.15Mn in turnover followed by Safaricom and KCB Group with turnovers of KES 494.28Mn and KES 47.60Mn respectively.
Foreign activity spiked to 41.3% with a net foreign inflow of KES 254.54Mn. Major net foreign inflows were experienced on Equity Group and Safaricom while net foreign outflows happened on Car & General and Absa Gold.
Secondary bonds’ turnover slightly declined by 3.0% from KES15.36Bn to KES14.89Bn as investors continued cashing in on the December papers. FXD1/2021/25yr was the most traded with a turnover of KES 3.43Bn.
