Daily Market Brief
Equities prices turned up 0.9% on Wednesday, 18th June 2025, on gains mainly from the telecommunication sector. The NSE 10 gained 0.7%, followed by NSE 10 and NSE 25, which gained 0.4%.
Shares traded, however, dipped 44.1% from 35.10MN to 19.62Mn shares to pull down the day’s turnover 69.2% from KES 892.27Mn to KES 275.26M. This was as foreign activity dropped from 45.1% to 17.6%, with a 97.2% reduction in net foreign inflows to KES 4.82Mn.
Safaricom emerged as the day’s top mover with KES 55.59Mn after trading 2.37Mn shares, gaining 2.2% on its share price from KES 23.00 to KES 23.50 per share.
The secondary bonds market activity edged down 40.6% to traded KES 12.46Bn from that of KES 20.98Bn traded on Tuesday. This was despite a 7.5% decline in the number of deals traded from 255 to 236 deals. FXD1/2022/25 emerged as the day’s top after changing hands KES 1.95Bn while its yield to maturity lost marginally at 8.5bps from 13.8301% to 13.745% against a coupon rate of 14.188%.
Today’s primary bonds auction was oversubscribed at 101.36Bn or 202.7% while the government accepting KES 71.64Bn or 70.7% of the subscribed amount, representing a 143.3% performance against a target.
The papers’ accepted rates all within our earlier recommended rates, FXD1/2020/15 accepted at 13.4866% while the SDB1/2011/30 was accepted at 13.9979%, see page 2 for more.
