Daily Market Brief
The stock market shed 0.1% on average as measured by NASI. NSE 10 sunk the most by 0.3% followed by NSE 25 with a 0.2% contraction as the banking sector shrunk by 0.2% on average. NSE 20 index stabilized at 3256.69 points.
Volume traded jumped by 30.0% from KES 11.25Mn to KES 14.62Mn constituting to a 117.6% surge in the day’s turnover from 250.60Mn to 545.31Mn. Market concentration was mainly in the banking and telecommunication sectors which had KES 445.92Mn and KES 37.03Mn in turnover respectively.
Stanbic was the day’s top mover with KES 261.83Mn in turnover while KCB Group and Safaricom came in 2nd and 3rd with KES 151.49Mn and KES 37.03Mn in turnover respectively.
Foreign activity spiked to 61.1% from 12.6% while the net foreign outflow rose from KES 11.47Mn to KES 146.50Mn. Safaricom recorded a net foreign inflow while KCB Group, Stanbic and Nairobi Securities experienced net foreign outflows.
Secondary bonds’ turnover rose by more than a half to KES 15.46Bn from KES 7.06Bn while number of deals improved from 139 to 248. IFB/2016/15yr, an infrastructure bond, was the most traded paper with a turnover of KES 4.380Bn.
