Daily Market Brief
The stock market registered a 1.7% gain, largely attributed by large-cap counters which increased by 3.2%. NSE 20 and NSE 25 counter rose by 1.3% and 2.7%, respectively while the banking sector grew by 0.7% on average.
Volumes traded fell by 38.2% to 14.60Mn from 23.61Mn shares bringing about a 30.3% decline in turnover from KES 822.24Mn to KES 573.23Mn.
Safaricom was the top mover with KES 156.89Mn in turnover after 5.60Mn shares were traded.
EABL followed with KES 137.01Mn in turnover largely attributed by a slight rise in volume traded, coupled with an 18.9% spike in its price to KES 299.75 from KES252.00. Equity Group was the third top mover of the day with KES 117.98Mn in turnover.
Foreign activities dipped from 35.7% to 19.9% with a slight drop in net foreign outflows from KES 183.68Mn to KES 46.72Mn. Major net foreign outflows were experienced on Equity Group and Safaricom while net foreign inflows were noted on EABL and Jubilee Holdings.
Secondary bonds’ turnover sunk by 17.2% from KES 14.70Bn to KES 12.18Bn .The most traded paper was FXD1/2021/20yr with a turnover of KES3.7Bn as its yield moved up 23.51bps from 12.6420% to 12.8771%.
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).
