Daily Market Brief
Stock prices rose by 0.4%, driven by a 0.7% average uptick in NSE 10 counters. NSE 20, NSE 25, and the banking Index edged up by 0.3%, 0.5%, and 0.8% respectively.
Value traded declined by 19.7% to KES 766.03Mn from KES 953.50Mn, despite an 18.7% uptick in volume traded to 28.55Mn shares from 24.05Mn shares.
Quick Mart Plc listed on the NSE today, opening at a high of KES 10.00 and closing at KES 8.90, an 18.7% gain from its offer price of KES 7.50. The counter recorded 9.68Mn shares traded, valued at KES 86.17Mn.
Absa Bank emerged as the day’s top mover with a turnover of 304.25Mn, followed by Stanbic and Co-op Bank with KES 112.44Mn and KES 89.80Mn in turnover, respectively.
Foreign activity shrank to 8.9% with a net foreign outflow of KES 102.02Mn, largely driven by Stanbic, which recorded a net foreign outflow of KES 105.25Mn.
Secondary bond turnover fell by 32.4% to KES 18.15Bn from KES 26.85Bn, while the number of deals traded declined to 282. FXD1/2026/30yr was the most traded bond, recording KES 3.99Bn in turnover.
CBK reopened two more papers for the month of November, FXD1/2019/015(7.3 years, 12.8570% coupon) and SDB1/2011/030(14.3years, 12.0000% coupon), targeting KES 50Bn from the market.
