Daily Market Brief
Equity prices edged up 0.7% on average as measured by Nairobi All Share Index. NSE 20 gained the most at 1.4% followed by NSE 10 and NSE 25 with 1.0% and 0.7% gains respectively. However, the banking sector declined by 0.1% on average.
Shares traded contracted 46.9% from 33.04Mn to 17.55Mn shares resulting in a drop in turnover by 62.4% from KES 1404.86Mn to KES 528.50Mn. Market focus was in the Banking and Telecommunication sector with turnovers of KES325.44Mn and KES114.39Mn respectively.
Equity Group was the top mover with KES 136.84Mn in turnover after 2.26Mn shares changed hands. Safaricom and KCB Group followed with turnovers of KES 114.39Mn and KES 82.93Mn respectively.
Foreign activity shrunk from 28.5% to 15.3% as net foreign inflows fell to KES 34.15Mn. Major net foreign inflows happened on Equity Group while net foreign outflows happened on EABL.
Secondary bonds’ turnover grew by 17.4% from KES 13.24Bn to KES 15.55Bn whereas number of deals rose by 16.4%. FXD1/2022/25Yr was the most traded paper despite its yield rising to 13.6360% from 12.7550%.
The Central Bank of Kenya re-opened two papers for January 2026 primary auction, FXD1/2019/020 (13.2-years, 12.873% coupon) and FXD1/2022/025 (21.8-years, 14.188% coupon), targeting KES 60 billion for budgetary support. At the same time, they announced a Switch of KES 20.00Bn from FXD1/2016/010 (0.6-years, 15.0390% coupon) to FXD1/2022/015 (11.3-years, 13.9420% coupon).
