Daily Market Brief
Stock prices rose marginally by 0.1% as measured by the Nairobi All Share Index. NSE 10 recorded a 0.1% decline as NSE 20 counters rose by 0.1%. NSE 25 and the banking sector index stabilized at 5266.89 points and 213.31 points respectively.
Shares traded dipped by 20.3% from 14.62Mn to 11.65Mn shares resulting in a 39.2% decline in turnover from KES 545.31Mn to KES 331.52Mn. Market focus remained in the Banking and Telecommunication sectors, with turnovers of KES199.38Mn and KES 78.39Mn in that order.
Equity Group emerged as the top mover with a turnover of KES 95.98Mn. The second and third top movers of the day were Safaricom and KCB Group with turnovers of KES 78.39Mn and KES 30.54Mn respectively.
Foreign activities dwindled from 61.1% to 14.9% with a drop in net foreign outflows to KES 2.60Mn from KES 146.50Mn. Net foreign inflows were noted on Safaricom and KCB Group while heavy net foreign outflows happened on BK Group and Absa Gold.
Secondary bonds’ turnover edged up by 39.8% to KES 21.60Bn from KES 15.46Bn whereas number of deals rose by 24.2% from 248 to 308. IFB/2018/15Yr was the most traded with a turnover of KES 4.9Bn.
