Daily Market Brief
Stock prices closed the week 0.6% higher, driven mainly by a 0.8% gain in NSE 10 stocks. The NSE 20 and NSE 25 indices advanced by 0.3% and 0.5%, respectively, while banking counters posted an average gain of 0.6%.
The day’s turnover rose by 29.8% to KES 512.52Mn from KES 394.78Mn, despite a 2.0% drop in traded volumes to 10.30Mn shares from 10.51Mn shares. The banking sector accounted for 87.5% of total turnover.
The day’s top mover was Equity Group, recording a turnover of KES 374.44Mn, followed by KCB Group and Safaricom, with turnovers of KES 34.00Mn and KES 17.77Mn, respectively.
Foreign activity increased to 34.2%, as the net foreign outflow widened to KES 280.78Mn. Equity Group was the main contributor to the outflows, accounting for KES 267.01Mn in net foreign outflows.
Secondary bonds’ turnover dropped to KES 5.45Bn from KES 6.09Bn as the number of deals dropped from 221 to 216. IFB1/2018/15yrs was the most traded paper, with a turnover of KES 1.04Bn.
