Daily Market Brief
Equity prices rose by 0.5%, supported by gains in the telecommunication(0.9%) and banking(0.4%) sectors. Consequently, the NSE 10, NSE 20, and NSE 25 indices increased by 0.7%, 0.3%, and 0.5%, respectively.
The day’s turnover surged by 8,231.4% to KES 42.70Bn from KES 512.52Mn, driven by a block trade of 4.54Bn Kenya Pipeline Company Plc shares valued at KES 42.51Bn.
Kenya Pipeline Company topped trading activity, recording a turnover of KES 42.51Bn and accounting for 95.9% of the day’s total turnover. It was followed by Co-operative Bank and NSE, which posted turnovers of KES 35.54Mn and KES 34.17Mn, respectively.
Foreign activity declined to 14.7%, with net foreign outflows narrowing to KES 39.42Mn from KES 280.78Mn. NSE and KCB Group led the net foreign outflows at KES 31.59Mn and KES 13.53Mn, respectively.
Secondary bonds’ turnover rose by 137.1% from KES 5.45Bn to KES 12.91Bn, with the number of deals dropping by 13.0% from 216 to 188. FXD1/2018/25yrs was the most traded paper, with a turnover of KES 6.30Bn.
