Daily Market Brief
Equity prices edged down by 1.9%, largely driven by a 2.1% average decline in NSE 10 counters. NSE 20 and NSE 25 indices dropped by 1.1% and 1.9%, respectively, while banks dipped by 2.1% on average.
The day’s turnover grew by 74.9% from KES 507.10Bn to KES 886.85Bn, largely due to a 25.5% spike in volumes traded from 16.05Mn to 20.13Mn.
KCB Group was the day’s top mover with KES 300.61Mn in turnover, followed by Safaricom and Equity Group, which posted turnovers of KES 225.17Mn and KES 175.37Mn, respectively.
Foreign activity declined to 40.7%, with net foreign outflows widening to KES 506.46Mn from KES 157.27Mn. KCB Group and Equity Group led the net foreign outflows at KES 276.74Mn and KES 149.10Mn, respectively.
Secondary bonds’ turnover dropped by 18.3% from KES 15.24Bn to KES 12.46Bn, with the number of deals dropping by 19.4% from 299 to 241. FXD1/2022/15yrs was the most traded paper, with a turnover of KES 3.30Bn.
The reopening of SDB1/2011/030 (14.4 years, 12.000% coupon) and FXD1/2026/030 (29.6 years, 12.500% coupon) was oversubscribed, attracting total bids worth KES 83.83Bn, of which the Government accepted KES 53.05Bn against a KES 50Bn target.
