Daily Market Brief
Stocks further edged up on Monday, 19th May 2025, gaining 0.2% on average. NSE 10 and NSE 20 gained 0.5% and 0.2% respectively while the medium capitalization stocks remained stable as measured by NSE 25 index.
Market turnover however declined 8.7% from KES 508.93Mn to KES 464.71Mn despite a 23.1% rise in the volumes traded on low valued stocks that were traded the most. This was as banks rallied the market after changing hands KES 357.52Mn from 14.14Mn shares. The banking sector was led by Co-op Bank which moved 10.10MN shares valued at KES 166.14Mn as its price jumped 6.1% up from KES 15.50 to KES 16.45 per share. Attention also remained on KCB Group and Safaricom dropped to third mover position.
The secondary bonds market turnover accelerated up 87.7% to KES 9.49Bn in spite of fewer deals totaling to 195 deals in relation to KES 5.05Bn of 231 deals traded last Friday.
FXD1/2022/25 remained the most traded paper, exchanging KES 2.92Bn as its yield to maturity declined 10.9bps further from 14.1880% to 14.0794% while investors who purchased the paper in the primary market continued cash in.
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