Daily Market Brief
The equities market remained relatively stable at 193.87 points as measured by NASI. NSE 10 had a 0.1% dip while NSE 20 and NSE 25 counters stabilized at 3256.54 points and 5280.48 points respectively. Banks improved by 0.1% on average.
Value traded dropped by 29.2% from KES 353.95Mn to KES 250.60Mn despite a 20.4% surge in shares traded from 9.34Mn to 11.25Mn. Market focus was mainly in the banking and telecommunication sectors which had KES 150.95Mn and KES 42.02Mn in turnover respectively.
NCBA Group emerged as the day’s top mover with KES 55.76Mn in turnover while Safaricom and KCB Group came in 2nd and 3rd with KES 42.02Mn and KES 36.89Mn in turnover respectively.
Foreign activity contracted to 12.6% from 37.2% with a further decline in net foreign outflow from KES 116.30Mn to KES 11.47Mn. NCBA recorded major net foreign inflows while KCB Group, Safaricom and Absa Gold experienced net foreign outflows.
Secondary bonds’ turnover drop by more than a half to KES 7.06Bn from KES 15.39Bn while number of deals sunk from 203 to 139. FXD1/2021/20yr was the most traded paper with a turnover of KES 1.02Bn.
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.
