Daily Market Brief
The overall market edged up by 0.1% as measured by the Nairobi All Share Index .NSE 10 stabilized at 2023.21 points whereas NSE 20 and NSE 25 recorded marginal growths of 0.4% and 0.1% respectively. Banks gained 0.2% on average.
Value traded contracted by more than a half from KES 893.29Mn to KES 396.20Mn largely attributed by a 46.8% decline in the shares traded from 32.49Mn to 17.28Mn. Market focus was in the telecommunication and banking sector which collectively accounted for 86.1% of the total turnover.
Safaricom emerged as the day’s top mover with KES 171.84Mn in turnover followed by Absa Bank and Co-op Bank with KES 63.83Mn and KES 37.48Mn in turnover respectively.
Foreign activity sunk from 42.4% to 24.6% with a drop in net foreign outflows from KES 115.86Mn to KES 70.13Mn.Major net foreign inflows happened on KCB Group and DTBK while Absa Bank recorded net foreign outflows.
Secondary bonds’ turnover shrank by 44.0% from KES 13.69Bn to KES 7.67Bn due to the primary bond value settlement that happened in the day. Market activity is expected to increase from tomorrow as investors begin cashing in on the January 2026 papers.
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.
