Daily Market Brief
Equities prices rose marginally by 0.1% on average as measured by the Nairobi all share index (NASI). However, NSE 10, NSE 20 and NSE 25 counters all recorded a reduction of 0.1%, 0.3% and 0.2% respectively.
Shares traded grew by close to a half from 15.14Mn to 28.60Mn shares resulting in the day’s turnover jumping by 40.5% to KES 849.03Mn. Heavy activity remained on the banking sector despite the sector having a drop of 0.2% on average.
Safaricom was the top mover of the day with KES 304.07Mn in turnover after 10.49Mn shares changed hands. KCB Group emerged second with a turnover of KES 144.46Mn whereas EABL secured the 3rd position with a turnover of KES98.81Mn.
Foreign activities surged from 10.8% to 24.1% with net foreign outflow jumping from 11.25Mn to KES 109.89Mn.
Secondary bonds’ turnover contracted by 25.0% from KES 15.53Bn to KES11.65Bn .FXD1/2021/20 was the most traded paper despite its yield rising from 12.8550% to 12.9840% against 13.5285% that was accepted in the primary market.
The Central Bank of Kenya re-opened two more papers for November’s primary auction, FXD3/2019/015 (8.7-years, 12.340% coupon) and FXD1/2022/025 (21.9-years, 14.188% coupon). CBK announced a Buyback offer for FXD1/2023/003 (6.7-Months – maturing on 11th May 2026) targeting to settle KES 30.00Bn out of the outstanding amount of KES 76.54Bn.
